iShares MSCI Singapore ETF (NYSEARCA:EWS) Reaches New 12-Month High – What’s Next?

Shares of iShares MSCI Singapore ETF (NYSEARCA:EWS) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $30.42 and last traded at $30.41, with a volume of 114159 shares changing hands. The stock had previously closed at $29.70.

iShares MSCI Singapore ETF Stock Performance

The stock has a 50 day moving average price of $29.23 and a 200 day moving average price of $28.56. The company has a market cap of $941.13 million, a P/E ratio of 15.28 and a beta of 0.56.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Empowered Funds LLC bought a new stake in iShares MSCI Singapore ETF in the first quarter worth about $243,000. Bank of America Corp DE boosted its position in shares of iShares MSCI Singapore ETF by 1.6% during the 1st quarter. Bank of America Corp DE now owns 109,513 shares of the company’s stock valued at $3,090,000 after purchasing an additional 1,750 shares in the last quarter. Amundi boosted its position in shares of iShares MSCI Singapore ETF by 4.8% during the 1st quarter. Amundi now owns 370,769 shares of the company’s stock valued at $10,463,000 after purchasing an additional 17,035 shares in the last quarter. Royal Bank of Canada grew its stake in shares of iShares MSCI Singapore ETF by 2.0% in the 1st quarter. Royal Bank of Canada now owns 159,794 shares of the company’s stock worth $4,510,000 after purchasing an additional 3,136 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of iShares MSCI Singapore ETF in the 1st quarter worth approximately $264,000. 52.30% of the stock is owned by institutional investors and hedge funds.

About iShares MSCI Singapore ETF

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).