Spectrum Asset Management Inc. NB CA Invests $1.81 Million in iShares MSCI Australia ETF $EWA

Spectrum Asset Management Inc. NB CA acquired a new stake in shares of iShares MSCI Australia ETF (NYSEARCA:EWA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 68,692 shares of the exchange traded fund’s stock, valued at approximately $1,808,000. Spectrum Asset Management Inc. NB CA owned approximately 0.11% of iShares MSCI Australia ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EWA. Mirae Asset Global Investments Co. Ltd. raised its holdings in iShares MSCI Australia ETF by 10.1% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 312,532 shares of the exchange traded fund’s stock worth $8,226,000 after purchasing an additional 28,762 shares in the last quarter. BOCHK Asset Management Ltd purchased a new position in shares of iShares MSCI Australia ETF in the 2nd quarter worth approximately $211,000. Coppell Advisory Solutions LLC raised its stake in shares of iShares MSCI Australia ETF by 540.4% during the 1st quarter. Coppell Advisory Solutions LLC now owns 14,979 shares of the exchange traded fund’s stock worth $351,000 after acquiring an additional 12,640 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in iShares MSCI Australia ETF during the first quarter valued at approximately $42,000. Finally, Parallax Volatility Advisers L.P. purchased a new stake in iShares MSCI Australia ETF during the first quarter valued at approximately $322,000. Hedge funds and other institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Trading Down 0.8%

NYSEARCA EWA opened at $27.14 on Wednesday. The firm’s fifty day simple moving average is $26.87 and its two-hundred day simple moving average is $25.72. The firm has a market capitalization of $1.55 billion, a P/E ratio of 19.89 and a beta of 1.01. iShares MSCI Australia ETF has a 12-month low of $20.50 and a 12-month high of $27.57.

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).