iShares MSCI Philippines ETF (NYSEARCA:EPHE) Trading Down 1.5% – What’s Next?

iShares MSCI Philippines ETF (NYSEARCA:EPHE) were down 1.5% during mid-day trading on Wednesday . The company traded as low as $24.61 and last traded at $24.62. 1,082,377 shares traded hands during trading, an increase of 586% from the average session volume of 157,750 shares. The stock had previously closed at $25.00.

iShares MSCI Philippines ETF Price Performance

The business’s fifty day simple moving average is $25.23 and its two-hundred day simple moving average is $25.29. The company has a market cap of $137.87 million, a PE ratio of 10.44 and a beta of 0.55.

Hedge Funds Weigh In On iShares MSCI Philippines ETF

A number of hedge funds have recently bought and sold shares of EPHE. Royal Bank of Canada raised its stake in shares of iShares MSCI Philippines ETF by 3,416.6% during the 1st quarter. Royal Bank of Canada now owns 56,265 shares of the company’s stock worth $1,423,000 after buying an additional 54,665 shares during the period. JPMorgan Chase & Co. purchased a new position in iShares MSCI Philippines ETF during the second quarter valued at $30,000. Amundi acquired a new stake in shares of iShares MSCI Philippines ETF in the second quarter valued at about $222,000. Man Group plc purchased a new stake in shares of iShares MSCI Philippines ETF during the second quarter worth about $1,657,000. Finally, Orion Porfolio Solutions LLC increased its stake in shares of iShares MSCI Philippines ETF by 5.3% during the second quarter. Orion Porfolio Solutions LLC now owns 8,674 shares of the company’s stock worth $235,000 after purchasing an additional 440 shares in the last quarter.

iShares MSCI Philippines ETF Company Profile

The iShares MSCI Philippines ETF (EPHE) is an exchange-traded fund that is based on the MSCI Philippines IMI 25\u002F50 index, a free float-adjusted market-cap-weighted index of the broader Filipino equity market. EPHE was launched on Sep 28, 2010 and is managed by BlackRock.