iShares MSCI Australia ETF (NYSEARCA:EWA) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares MSCI Australia ETF (NYSEARCA:EWA) saw unusually-strong trading volume on Friday . Approximately 2,899,801 shares changed hands during trading, an increase of 32% from the previous session’s volume of 2,190,490 shares.The stock last traded at $26.57 and had previously closed at $26.47.

iShares MSCI Australia ETF Trading Up 0.8%

The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 19.89 and a beta of 1.01. The firm’s 50 day simple moving average is $26.77 and its 200-day simple moving average is $25.54.

Institutional Investors Weigh In On iShares MSCI Australia ETF

Large investors have recently modified their holdings of the business. Trifecta Capital Advisors LLC purchased a new stake in iShares MSCI Australia ETF in the 1st quarter valued at $35,000. Tower Research Capital LLC TRC boosted its stake in shares of iShares MSCI Australia ETF by 10,333.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,565 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 1,550 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in iShares MSCI Australia ETF in the 1st quarter worth about $42,000. Simplex Trading LLC acquired a new position in shares of iShares MSCI Australia ETF in the 2nd quarter valued at about $71,000. Finally, Private Trust Co. NA raised its holdings in shares of iShares MSCI Australia ETF by 5,842.9% during the 2nd quarter. Private Trust Co. NA now owns 2,912 shares of the exchange traded fund’s stock valued at $77,000 after buying an additional 2,863 shares during the period. Hedge funds and other institutional investors own 59.69% of the company’s stock.

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).