iShares MSCI Australia ETF (NYSEARCA:EWA) Reaches New 52-Week Low – Time to Sell?

iShares MSCI Australia ETF (NYSEARCA:EWA) shares reached a new 52-week low during trading on Friday . The stock traded as low as $21.93 and last traded at $21.89, with a volume of 33273 shares. The stock had previously closed at $23.25.

iShares MSCI Australia ETF Trading Down 9.0 %

The business has a 50-day moving average price of $24.21 and a 200-day moving average price of $25.07. The firm has a market cap of $1.18 billion, a P/E ratio of 15.97 and a beta of 1.04.

Institutional Trading of iShares MSCI Australia ETF

A number of hedge funds have recently bought and sold shares of EWA. Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares MSCI Australia ETF during the 3rd quarter valued at $34,000. Coppell Advisory Solutions LLC increased its holdings in shares of iShares MSCI Australia ETF by 141.9% during the 4th quarter. Coppell Advisory Solutions LLC now owns 2,339 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 1,372 shares in the last quarter. Copia Wealth Management acquired a new position in shares of iShares MSCI Australia ETF in the fourth quarter worth about $139,000. Ping Capital Management Inc. purchased a new stake in shares of iShares MSCI Australia ETF in the fourth quarter valued at approximately $239,000. Finally, Kingswood Wealth Advisors LLC lifted its holdings in iShares MSCI Australia ETF by 8.3% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 11,375 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 875 shares in the last quarter. Hedge funds and other institutional investors own 59.69% of the company’s stock.

About iShares MSCI Australia ETF

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).