Hsbc Holdings PLC Acquires New Position in iShares MSCI Hong Kong ETF $EWH

Hsbc Holdings PLC bought a new position in shares of iShares MSCI Hong Kong ETF (NYSEARCA:EWH) during the fourth quarter, HoldingsChannel.com reports. The firm bought 156,155 shares of the exchange traded fund’s stock, valued at approximately $3,318,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gould Asset Management LLC CA grew its stake in shares of iShares MSCI Hong Kong ETF by 1.4% in the fourth quarter. Gould Asset Management LLC CA now owns 41,086 shares of the exchange traded fund’s stock worth $873,000 after acquiring an additional 550 shares in the last quarter. Comerica Bank boosted its holdings in iShares MSCI Hong Kong ETF by 59.2% in the third quarter. Comerica Bank now owns 1,770 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 658 shares during the period. Commonwealth Equity Services LLC boosted its holdings in iShares MSCI Hong Kong ETF by 3.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 27,606 shares of the exchange traded fund’s stock valued at $587,000 after purchasing an additional 831 shares during the period. Kestra Advisory Services LLC acquired a new position in iShares MSCI Hong Kong ETF during the 4th quarter worth $27,000. Finally, Legacy Capital Group California Inc. grew its stake in iShares MSCI Hong Kong ETF by 5.6% during the 3rd quarter. Legacy Capital Group California Inc. now owns 26,908 shares of the exchange traded fund’s stock worth $580,000 after purchasing an additional 1,438 shares in the last quarter. Hedge funds and other institutional investors own 50.59% of the company’s stock.

iShares MSCI Hong Kong ETF Price Performance

EWH stock opened at $21.09 on Monday. The business’s 50-day moving average is $22.92 and its two-hundred day moving average is $22.85. The firm has a market capitalization of $828.84 million, a P/E ratio of 14.69 and a beta of 0.38. iShares MSCI Hong Kong ETF has a 1 year low of $19.77 and a 1 year high of $24.66.

iShares MSCI Hong Kong ETF Profile

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Hong Kong market, as measured by the MSCI Hong Kong Index (the Index). The Index consists of stocks traded primarily on the Stock Exchange of Hong Kong Limited. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.