Hsbc Holdings PLC Sells 926,323 Shares of iShares MSCI Australia ETF $EWA

Hsbc Holdings PLC reduced its stake in iShares MSCI Australia ETF (NYSEARCA:EWA) by 34.4% during the fourth quarter, HoldingsChannel reports. The firm owned 1,767,396 shares of the exchange traded fund’s stock after selling 926,323 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares MSCI Australia ETF were worth $46,288,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EWA. Sankala Group LLC bought a new position in iShares MSCI Australia ETF in the 4th quarter valued at approximately $1,417,000. Invesco Ltd. grew its stake in shares of iShares MSCI Australia ETF by 155.2% during the fourth quarter. Invesco Ltd. now owns 27,277 shares of the exchange traded fund’s stock worth $714,000 after buying an additional 16,588 shares during the last quarter. Beacon Pointe Advisors LLC bought a new stake in shares of iShares MSCI Australia ETF during the fourth quarter worth $345,000. NewEdge Advisors LLC increased its holdings in shares of iShares MSCI Australia ETF by 57.2% during the fourth quarter. NewEdge Advisors LLC now owns 29,266 shares of the exchange traded fund’s stock worth $766,000 after buying an additional 10,646 shares in the last quarter. Finally, Zacks Investment Management increased its holdings in shares of iShares MSCI Australia ETF by 4.8% during the fourth quarter. Zacks Investment Management now owns 42,981 shares of the exchange traded fund’s stock worth $1,126,000 after buying an additional 1,953 shares in the last quarter. 59.69% of the stock is owned by institutional investors.

iShares MSCI Australia ETF Stock Performance

Shares of EWA opened at $28.02 on Wednesday. iShares MSCI Australia ETF has a 52 week low of $24.94 and a 52 week high of $30.48. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.89 and a beta of 0.96. The stock has a fifty day moving average of $29.10 and a 200-day moving average of $28.22.

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). 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.