Royal Bank of Canada Sells 31,586 Shares of iShares MSCI Australia ETF $EWA

Royal Bank of Canada decreased its position in iShares MSCI Australia ETF (NYSEARCA:EWA) by 16.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 165,418 shares of the exchange traded fund’s stock after selling 31,586 shares during the quarter. Royal Bank of Canada’s holdings in iShares MSCI Australia ETF were worth $4,592,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Johnson Financial Group Inc. purchased a new position in iShares MSCI Australia ETF during the 3rd quarter valued at about $32,000. Tower Research Capital LLC TRC lifted its holdings in iShares MSCI Australia ETF by 10,333.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,565 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 1,550 shares during the period. Jones Financial Companies Lllp purchased a new stake in iShares MSCI Australia ETF in the 1st quarter worth approximately $42,000. Nalls Sherbakoff Group LLC bought a new stake in shares of iShares MSCI Australia ETF in the 4th quarter worth approximately $47,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of iShares MSCI Australia ETF in the 4th quarter worth approximately $72,000. 59.69% of the stock is owned by institutional investors.

iShares MSCI Australia ETF Trading Down 0.5%

Shares of iShares MSCI Australia ETF stock opened at $29.74 on Friday. iShares MSCI Australia ETF has a 12-month low of $24.94 and a 12-month high of $30.48. The company has a market cap of $1.42 billion, a P/E ratio of 19.89 and a beta of 0.97. The company’s fifty day simple moving average is $28.77 and its two-hundred day simple moving average is $28.86.

iShares MSCI Australia ETF Company Profile

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.