Sonoma Allocations LLC Makes New Investment in iShares MSCI Australia ETF $EWA

Sonoma Allocations LLC acquired a new stake in iShares MSCI Australia ETF (NYSEARCA:EWA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 502,093 shares of the exchange traded fund’s stock, valued at approximately $14,139,000. iShares MSCI Australia ETF accounts for approximately 5.3% of Sonoma Allocations LLC’s investment portfolio, making the stock its 3rd largest holding. Sonoma Allocations LLC owned about 1.00% of iShares MSCI Australia ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EWA. JGP Wealth Management LLC increased its holdings in iShares MSCI Australia ETF by 16.3% in the 2nd quarter. JGP Wealth Management LLC now owns 12,579 shares of the exchange traded fund’s stock worth $354,000 after acquiring an additional 1,762 shares in the last quarter. Boltwood Capital Management purchased a new position in iShares MSCI Australia ETF during the second quarter valued at $242,000. Empowered Funds LLC purchased a new position in iShares MSCI Australia ETF during the first quarter valued at $739,000. Bank of America Corp DE grew its position in shares of iShares MSCI Australia ETF by 30.5% in the first quarter. Bank of America Corp DE now owns 443,217 shares of the exchange traded fund’s stock valued at $12,304,000 after purchasing an additional 103,563 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of iShares MSCI Australia ETF by 22.8% in the first quarter. Quantinno Capital Management LP now owns 28,240 shares of the exchange traded fund’s stock valued at $784,000 after purchasing an additional 5,252 shares during the period. 59.69% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Australia ETF Stock Up 0.8%

EWA stock opened at $30.41 on Friday. iShares MSCI Australia ETF has a 52 week low of $24.94 and a 52 week high of $30.48. The firm has a 50-day simple moving average of $28.71 and a 200-day simple moving average of $28.76. The stock has a market capitalization of $1.45 billion, a P/E ratio of 19.89 and a beta of 0.97.

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.