Slocum Gordon & Co LLP Has $3.33 Million Stock Position in iShares MSCI Australia ETF $EWA

Slocum Gordon & Co LLP lifted its stake in iShares MSCI Australia ETF (NYSEARCA:EWA) by 18.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 126,959 shares of the exchange traded fund’s stock after purchasing an additional 19,521 shares during the quarter. iShares MSCI Australia ETF accounts for about 2.4% of Slocum Gordon & Co LLP’s investment portfolio, making the stock its 14th largest holding. Slocum Gordon & Co LLP owned 0.27% of iShares MSCI Australia ETF worth $3,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EWA. Comerica Bank boosted its position in shares of iShares MSCI Australia ETF by 21.7% in the 1st quarter. Comerica Bank now owns 3,627 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 646 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of iShares MSCI Australia ETF in the 1st quarter valued at $42,000. Cresset Asset Management LLC acquired a new position in shares of iShares MSCI Australia ETF in the 2nd quarter valued at $221,000. NewEdge Advisors LLC acquired a new position in shares of iShares MSCI Australia ETF in the 2nd quarter valued at $496,000. Finally, Squarepoint Ops LLC acquired a new position in shares of iShares MSCI Australia ETF in the 2nd quarter valued at $1,629,000. Institutional investors and hedge funds own 59.69% of the company’s stock.

iShares MSCI Australia ETF Stock Up 0.9%

NYSEARCA:EWA opened at $30.21 on Friday. iShares MSCI Australia ETF has a 1-year low of $23.26 and a 1-year high of $30.48. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 19.89 and a beta of 1.01. The stock has a fifty day simple moving average of $28.89 and a 200 day simple moving average of $27.43.

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). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.