Nwam LLC Makes New Investment in iShares MSCI Australia ETF $EWA

Nwam LLC bought a new stake in iShares MSCI Australia ETF (NYSEARCA:EWA) during the second quarter, Holdings Channel.com reports. The firm bought 16,381 shares of the exchange traded fund’s stock, valued at approximately $428,000.

Several other institutional investors have also modified their holdings of the company. Independent Wealth Network Inc. increased its holdings in shares of iShares MSCI Australia ETF by 9.0% in the 1st quarter. Independent Wealth Network Inc. now owns 28,235 shares of the exchange traded fund’s stock worth $662,000 after acquiring an additional 2,334 shares during the period. TD Asset Management Inc grew its position in iShares MSCI Australia ETF by 2.7% in the 1st quarter. TD Asset Management Inc now owns 102,554 shares of the exchange traded fund’s stock worth $2,404,000 after purchasing an additional 2,649 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of iShares MSCI Australia ETF in the first quarter valued at approximately $370,000. Banco Santander S.A. bought a new stake in shares of iShares MSCI Australia ETF during the first quarter valued at approximately $254,000. Finally, Palisades Hudson Asset Management L.P. boosted its position in shares of iShares MSCI Australia ETF by 2.1% during the first quarter. Palisades Hudson Asset Management L.P. now owns 192,351 shares of the exchange traded fund’s stock worth $4,509,000 after buying an additional 4,001 shares during the period. Institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Price Performance

Shares of EWA stock opened at $26.58 on Thursday. iShares MSCI Australia ETF has a 12-month low of $20.50 and a 12-month high of $27.57. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 19.89 and a beta of 1.04. The business has a 50 day simple moving average of $26.96 and a 200 day simple moving average of $26.42.

About iShares MSCI Australia ETF

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).