iShares MSCI Australia ETF (NYSEARCA:EWA) Reaches New 1-Year Low – Here’s What Happened

iShares MSCI Australia ETF (NYSEARCA:EWA)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $21.93 and last traded at $21.89, with a volume of 33273 shares. The stock had previously closed at $23.25.

iShares MSCI Australia ETF Stock Performance

The firm has a market capitalization of $1.21 billion, a PE ratio of 17.70 and a beta of 1.14. The company has a fifty day moving average price of $24.29 and a 200-day moving average price of $25.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EWA. Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares MSCI Australia ETF in the third quarter valued at $34,000. Coppell Advisory Solutions LLC lifted its stake in iShares MSCI Australia ETF by 141.9% in the fourth quarter. Coppell Advisory Solutions LLC now owns 2,339 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 1,372 shares during the last quarter. Copia Wealth Management purchased a new position in shares of iShares MSCI Australia ETF during the fourth quarter valued at approximately $139,000. Ping Capital Management Inc. bought a new position in shares of iShares MSCI Australia ETF during the fourth quarter valued at approximately $239,000. Finally, Kingswood Wealth Advisors LLC raised 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 during the period. Hedge funds and other 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).