iShares MSCI Singapore ETF (NYSEARCA:EWS) Hits New 12-Month High – What’s Next?

iShares MSCI Singapore ETF (NYSEARCA:EWS) shares hit a new 52-week high during trading on Monday . The stock traded as high as $34.27 and last traded at $34.14, with a volume of 49695 shares traded. The stock had previously closed at $33.93.

iShares MSCI Singapore ETF Price Performance

The business’s 50-day moving average price is $32.00 and its two-hundred day moving average price is $29.87. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 15.28 and a beta of 0.55.

Hedge Funds Weigh In On iShares MSCI Singapore ETF

A number of hedge funds have recently added to or reduced their stakes in EWS. Sun Life Financial Inc. lifted its position in shares of iShares MSCI Singapore ETF by 0.7% during the 4th quarter. Sun Life Financial Inc. now owns 1,472,605 shares of the company’s stock valued at $40,511,000 after acquiring an additional 10,446 shares during the period. UBS Group AG grew its position 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. Quadrature Capital Ltd grew 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 valued at $15,391,000 after purchasing an additional 507,586 shares during the last quarter. Millburn Ridgefield LLC DE grew its stake in shares of iShares MSCI Singapore ETF by 4.8% during the first quarter. Millburn Ridgefield LLC DE now owns 498,619 shares of the company’s stock worth $14,071,000 after buying an additional 22,997 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in iShares MSCI Singapore ETF by 4.8% during the 1st quarter. Catalyst Capital Advisors LLC now owns 498,619 shares of the company’s stock worth $14,071,000 after acquiring an additional 22,997 shares during the last quarter. 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).