iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Hits New 52-Week High – Here’s What Happened

by · The Markets Daily

Shares of iShares MSCI Hong Kong ETF (NYSEARCA:EWH – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $23.27 and last traded at $23.2350, with a volume of 488826 shares. The stock had previously closed at $22.83.

iShares MSCI Hong Kong ETF Trading Up 1.9%

The business’s 50-day simple moving average is $22.01 and its two-hundred day simple moving average is $21.57. The company has a market capitalization of $713.84 million, a PE ratio of 14.69 and a beta of 0.46.

Institutional Investors Weigh In On iShares MSCI Hong Kong ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC raised its position in shares of iShares MSCI Hong Kong ETF by 738.3% in the 2nd quarter. SG Americas Securities LLC now owns 1,195,271 shares of the exchange traded fund’s stock valued at $23,738,000 after purchasing an additional 1,052,692 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in iShares MSCI Hong Kong ETF in the second quarter valued at $19,128,000. Millburn Ridgefield LLC DE raised its holdings in iShares MSCI Hong Kong ETF by 4.5% in the third quarter. Millburn Ridgefield LLC DE now owns 675,976 shares of the exchange traded fund’s stock valued at $14,567,000 after acquiring an additional 28,989 shares in the last quarter. UBS Group AG boosted its stake in iShares MSCI Hong Kong ETF by 11.4% during the 3rd quarter. UBS Group AG now owns 477,407 shares of the exchange traded fund’s stock valued at $10,288,000 after acquiring an additional 48,740 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in iShares MSCI Hong Kong ETF by 6.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 355,900 shares of the exchange traded fund’s stock worth $7,670,000 after acquiring an additional 22,164 shares in the last quarter. 50.59% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Hong Kong ETF Company Profile

(Get Free Report)

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.

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