Wellington Management Group LLP Has $1.34 Million Position in iShares MSCI Australia ETF $EWA

Wellington Management Group LLP trimmed its stake in iShares MSCI Australia ETF (NYSEARCA:EWA) by 30.2% in the second quarter, HoldingsChannel reports. The firm owned 47,739 shares of the exchange traded fund’s stock after selling 20,695 shares during the period. Wellington Management Group LLP’s holdings in iShares MSCI Australia ETF were worth $1,344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EWA. Comerica Bank increased its stake in iShares MSCI Australia ETF by 21.7% in the first quarter. Comerica Bank now owns 3,627 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 646 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of iShares MSCI Australia ETF during the 1st quarter worth about $42,000. Cresset Asset Management LLC acquired a new stake in shares of iShares MSCI Australia ETF in the 2nd quarter valued at about $221,000. NewEdge Advisors LLC acquired a new stake in shares of iShares MSCI Australia ETF in the 2nd quarter valued at about $496,000. Finally, Squarepoint Ops LLC bought a new stake in iShares MSCI Australia ETF in the 2nd quarter valued at about $1,629,000. 59.69% of the stock is owned by institutional investors.

iShares MSCI Australia ETF Stock Performance

EWA stock opened at $29.27 on Friday. The stock’s 50 day simple moving average is $29.44 and its 200 day simple moving average is $29.04. iShares MSCI Australia ETF has a fifty-two week low of $24.94 and a fifty-two week high of $30.48. The company has a market cap of $1.40 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.