Mmbg Investment Advisors CO. Reduces Stake in iShares MSCI Hong Kong ETF (NYSEARCA:EWH)

Mmbg Investment Advisors CO. lessened its position in shares of iShares MSCI Hong Kong ETF (NYSEARCA:EWH) by 14.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,250 shares of the exchange traded fund’s stock after selling 4,800 shares during the quarter. Mmbg Investment Advisors CO.’s holdings in iShares MSCI Hong Kong ETF were worth $471,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of iShares MSCI Hong Kong ETF by 55.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,311 shares of the exchange traded fund’s stock valued at $55,000 after buying an additional 1,178 shares during the period. Barclays PLC purchased a new position in iShares MSCI Hong Kong ETF during the fourth quarter worth $57,000. Crestline Management LP purchased a new position in iShares MSCI Hong Kong ETF during the fourth quarter worth $87,000. USA Financial Formulas purchased a new stake in shares of iShares MSCI Hong Kong ETF in the fourth quarter valued at $150,000. Finally, Wells Fargo & Company MN grew its position in shares of iShares MSCI Hong Kong ETF by 59.5% in the fourth quarter. Wells Fargo & Company MN now owns 12,626 shares of the exchange traded fund’s stock valued at $210,000 after purchasing an additional 4,711 shares during the period. Hedge funds and other institutional investors own 50.59% of the company’s stock.

iShares MSCI Hong Kong ETF Trading Up 0.7%

Shares of iShares MSCI Hong Kong ETF stock opened at $18.35 on Monday. iShares MSCI Hong Kong ETF has a twelve month low of $14.88 and a twelve month high of $20.37. The business’s fifty day moving average price is $17.31 and its 200 day moving average price is $17.11. The stock has a market capitalization of $619.31 million, a P/E ratio of 14.77 and a beta of 0.43.

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).