Royal Bank of Canada Acquires 100,243 Shares of iShares MSCI Hong Kong ETF $EWH

Royal Bank of Canada boosted its stake in shares of iShares MSCI Hong Kong ETF (NYSEARCA:EWH) by 38.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 357,742 shares of the exchange traded fund’s stock after purchasing an additional 100,243 shares during the period. Royal Bank of Canada’s holdings in iShares MSCI Hong Kong ETF were worth $8,259,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares MSCI Hong Kong ETF by 381,086.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 583,216 shares of the exchange traded fund’s stock worth $12,393,000 after purchasing an additional 583,063 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of iShares MSCI Hong Kong ETF by 10.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,873,507 shares of the exchange traded fund’s stock worth $61,062,000 after purchasing an additional 265,013 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of iShares MSCI Hong Kong ETF by 449.3% during the 4th quarter. BNP Paribas Financial Markets now owns 254,004 shares of the exchange traded fund’s stock valued at $5,398,000 after purchasing an additional 207,766 shares during the last quarter. HRT Financial LP acquired a new stake in shares of iShares MSCI Hong Kong ETF in the 2nd quarter worth $3,573,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of iShares MSCI Hong Kong ETF in the 4th quarter worth $3,318,000. 50.59% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Hong Kong ETF Price Performance

Shares of EWH stock opened at $22.80 on Tuesday. The stock’s fifty day moving average price is $21.92 and its 200 day moving average price is $22.88. iShares MSCI Hong Kong ETF has a 1-year low of $20.60 and a 1-year high of $24.66. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 14.69 and a beta of 0.39.

iShares MSCI Hong Kong ETF Profile

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Hong Kong market, as measured by the MSCI Hong Kong Index (the Index). The Index consists of stocks traded primarily on the Stock Exchange of Hong Kong Limited. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.