iShares MSCI Australia ETF (NYSEARCA:EWA) Sees Unusually-High Trading Volume – Here’s What Happened

iShares MSCI Australia ETF (NYSEARCA:EWA) saw an uptick in trading volume on Thursday . 1,610,905 shares were traded during mid-day trading, a decline of 5% from the previous session’s volume of 1,695,266 shares.The stock last traded at $23.60 and had previously closed at $23.89.

iShares MSCI Australia ETF Price Performance

The firm has a fifty day simple moving average of $24.32 and a two-hundred day simple moving average of $25.13. The firm has a market capitalization of $1.31 billion, a P/E ratio of 17.70 and a beta of 1.14.

Hedge Funds Weigh In On iShares MSCI Australia ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Independent Wealth Network Inc. raised its stake in shares of iShares MSCI Australia ETF by 2.1% during the 4th quarter. Independent Wealth Network Inc. now owns 25,901 shares of the exchange traded fund’s stock valued at $618,000 after purchasing an additional 537 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in shares of iShares MSCI Australia ETF by 8.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 11,375 shares of the exchange traded fund’s stock worth $271,000 after buying an additional 875 shares in the last quarter. Rice Partnership LLC boosted its position in shares of iShares MSCI Australia ETF by 0.4% in the fourth quarter. Rice Partnership LLC now owns 240,788 shares of the exchange traded fund’s stock valued at $5,745,000 after acquiring an additional 897 shares during the period. Caprock Group LLC grew its stake in iShares MSCI Australia ETF by 5.0% during the fourth quarter. Caprock Group LLC now owns 22,406 shares of the exchange traded fund’s stock valued at $535,000 after acquiring an additional 1,076 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in iShares MSCI Australia ETF by 0.6% during the 4th quarter. LPL Financial LLC now owns 174,141 shares of the exchange traded fund’s stock worth $4,155,000 after acquiring an additional 1,104 shares during the period. Institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index).