iShares MSCI Singapore ETF (NYSEARCA:EWS) Reaches New 1-Year High – Here’s Why

iShares MSCI Singapore ETF (NYSEARCA:EWS)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $34.60 and last traded at $34.3480, with a volume of 859482 shares changing hands. The stock had previously closed at $34.57.

iShares MSCI Singapore ETF Stock Performance

The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 15.28 and a beta of 0.56. The firm has a fifty day moving average price of $32.72 and a 200 day moving average price of $30.18.

Institutional Trading of iShares MSCI Singapore ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd grew its holdings in shares of iShares MSCI Singapore ETF by 978.2% in 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 period. UBS Group AG increased its position in shares of 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 buying an additional 492,982 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of iShares MSCI Singapore ETF in the 4th quarter worth about $8,620,000. Rice Partnership LLC acquired a new stake in iShares MSCI Singapore ETF in the 1st quarter valued at about $6,131,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in iShares MSCI Singapore ETF by 213,957.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 209,776 shares of the company’s stock valued at $5,771,000 after acquiring an additional 209,678 shares in the last quarter. Hedge funds and other institutional investors own 52.30% of the company’s stock.

iShares MSCI Singapore ETF Company Profile

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).