iShares MSCI Singapore ETF (NYSEARCA:EWS) Sets New 52-Week High – Still a Buy?

iShares MSCI Singapore ETF (NYSEARCA:EWS)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $33.29 and last traded at $33.27, with a volume of 22538 shares trading hands. The stock had previously closed at $32.55.

iShares MSCI Singapore ETF Stock Up 2.1%

The firm has a market capitalization of $1.08 billion, a PE ratio of 15.28 and a beta of 0.55. The company has a 50-day moving average of $30.58 and a 200 day moving average of $29.26.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EWS. Quadrature Capital Ltd lifted its holdings in shares of iShares MSCI Singapore ETF by 978.2% during the 4th quarter. Quadrature Capital Ltd now owns 559,475 shares of the company’s stock worth $15,391,000 after acquiring an additional 507,586 shares during the last quarter. UBS Group AG increased its stake in iShares MSCI Singapore ETF by 119.8% in the third quarter. UBS Group AG now owns 904,505 shares of the company’s stock valued at $25,634,000 after acquiring an additional 492,982 shares during the last quarter. Jane Street Group LLC bought a new position in iShares MSCI Singapore ETF in the fourth quarter valued at $8,620,000. Rice Partnership LLC purchased a new stake in iShares MSCI Singapore ETF during the first quarter valued at about $6,131,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in iShares MSCI Singapore ETF by 213,957.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 209,776 shares of the company’s stock valued at $5,771,000 after purchasing an additional 209,678 shares in the last quarter. Hedge funds and other institutional investors own 52.30% of the company’s stock.

About iShares MSCI Singapore ETF

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).