iShares MSCI Australia ETF (NYSEARCA:EWA) Sees Large Volume Increase – Here’s What Happened

iShares MSCI Australia ETF (NYSEARCA:EWA) saw unusually-strong trading volume on Thursday . Approximately 1,610,905 shares changed hands during trading, a decline of 5% from the previous session’s volume of 1,695,266 shares.The stock last traded at $23.60 and had previously closed at $23.89.

iShares MSCI Australia ETF Trading Down 9.0 %

The firm has a market capitalization of $1.18 billion, a P/E ratio of 17.70 and a beta of 1.14. The business’s 50 day simple moving average is $24.21 and its two-hundred day simple moving average is $25.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Independent Wealth Network Inc. lifted its position in iShares MSCI Australia ETF by 2.1% during the fourth quarter. Independent Wealth Network Inc. now owns 25,901 shares of the exchange traded fund’s stock valued at $618,000 after purchasing an additional 537 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in shares of iShares MSCI Australia ETF by 8.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 11,375 shares of the exchange traded fund’s stock valued at $271,000 after buying an additional 875 shares during the period. Rice Partnership LLC boosted its stake in shares of iShares MSCI Australia ETF by 0.4% in the 4th quarter. Rice Partnership LLC now owns 240,788 shares of the exchange traded fund’s stock worth $5,745,000 after buying an additional 897 shares during the last quarter. Caprock Group LLC grew its holdings in shares of iShares MSCI Australia ETF by 5.0% in the fourth quarter. Caprock Group LLC now owns 22,406 shares of the exchange traded fund’s stock worth $535,000 after acquiring an additional 1,076 shares during the period. Finally, LPL Financial LLC increased its position in iShares MSCI Australia ETF by 0.6% during the fourth quarter. LPL Financial LLC now owns 174,141 shares of the exchange traded fund’s stock valued at $4,155,000 after acquiring an additional 1,104 shares during the last quarter. 59.69% of the stock is owned by institutional investors.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index).