iShares MSCI Philippines ETF (NYSEARCA:EPHE) Trading Down 1.5% – Here’s What Happened

iShares MSCI Philippines ETF (NYSEARCA:EPHE)’s share price were down 1.5% during mid-day trading on Wednesday . The company traded as low as $24.61 and last traded at $24.62. 1,082,377 shares were traded during trading, an increase of 586% from the average daily volume of 157,750 shares. The stock had previously closed at $25.00.

iShares MSCI Philippines ETF Stock Performance

The company has a market cap of $134.51 million, a price-to-earnings ratio of 10.44 and a beta of 0.55. The firm has a fifty day moving average price of $25.20 and a 200 day moving average price of $25.27.

Institutional Trading of iShares MSCI Philippines ETF

Several institutional investors and hedge funds have recently bought and sold shares of EPHE. Orion Porfolio Solutions LLC boosted its stake in shares of iShares MSCI Philippines ETF by 5.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,674 shares of the company’s stock worth $235,000 after acquiring an additional 440 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of iShares MSCI Philippines ETF during the 2nd quarter worth approximately $30,000. Sanctuary Advisors LLC raised its stake in iShares MSCI Philippines ETF by 3.5% in the 1st quarter. Sanctuary Advisors LLC now owns 36,093 shares of the company’s stock valued at $896,000 after acquiring an additional 1,225 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in iShares MSCI Philippines ETF by 9.7% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,300 shares of the company’s stock valued at $728,000 after acquiring an additional 2,600 shares during the period. Finally, Stelac Advisory Services LLC acquired a new stake in iShares MSCI Philippines ETF during the 4th quarter valued at $104,000.

iShares MSCI Philippines ETF Company Profile

The iShares MSCI Philippines ETF (EPHE) is an exchange-traded fund that is based on the MSCI Philippines IMI 25\u002F50 index, a free float-adjusted market-cap-weighted index of the broader Filipino equity market. EPHE was launched on Sep 28, 2010 and is managed by BlackRock.