iShares MSCI Singapore ETF (NYSEARCA:EWS) Sees Strong Trading Volume – Here’s What Happened

iShares MSCI Singapore ETF (NYSEARCA:EWS) saw unusually-strong trading volume on Wednesday . Approximately 3,718,075 shares traded hands during mid-day trading, an increase of 505% from the previous session’s volume of 614,221 shares.The stock last traded at $23.15 and had previously closed at $23.11.

iShares MSCI Singapore ETF Price Performance

The stock’s fifty day moving average is $22.35 and its 200-day moving average is $21.72. The stock has a market cap of $529.20 million, a PE ratio of 11.81 and a beta of 0.79.

Institutional Investors Weigh In On iShares MSCI Singapore ETF

A number of hedge funds have recently modified their holdings of EWS. Sun Life Financial Inc. increased its stake in iShares MSCI Singapore ETF by 22.8% during the fourth quarter. Sun Life Financial Inc. now owns 1,522,600 shares of the company’s stock worth $33,269,000 after acquiring an additional 282,700 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares MSCI Singapore ETF by 63.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,388,961 shares of the company’s stock valued at $30,349,000 after acquiring an additional 539,857 shares during the period. Tradewinds Capital Management LLC purchased a new stake in shares of iShares MSCI Singapore ETF in the 4th quarter valued at approximately $28,060,000. Jane Street Group LLC raised its stake in shares of iShares MSCI Singapore ETF by 34.5% in the 3rd quarter. Jane Street Group LLC now owns 616,978 shares of the company’s stock valued at $13,666,000 after acquiring an additional 158,306 shares during the period. Finally, Catalyst Capital Advisors LLC raised its stake in shares of iShares MSCI Singapore ETF by 0.5% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 490,435 shares of the company’s stock valued at $10,863,000 after acquiring an additional 2,242 shares during the period.

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.