iShares MSCI Philippines ETF (NYSEARCA:EPHE) Shares Climb 1.6% – Here’s Why

iShares MSCI Philippines ETF (NYSEARCA:EPHE) shares traded up 1.6% on Monday. The stock traded as high as $23.00 and last traded at $23.00. 145,714 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 154,782 shares. The stock had previously closed at $22.64.

iShares MSCI Philippines ETF Stock Up 1.6%

The stock has a market capitalization of $135.70 million, a P/E ratio of 10.44 and a beta of 0.55. The company has a fifty day simple moving average of $24.47 and a two-hundred day simple moving average of $24.72.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EPHE. Bank of New York Mellon Corp boosted its stake in iShares MSCI Philippines ETF by 24.2% in the 1st quarter. Bank of New York Mellon Corp now owns 38,312 shares of the company’s stock worth $951,000 after purchasing an additional 7,467 shares during the period. Hsbc Holdings PLC boosted its position in iShares MSCI Philippines ETF by 9.8% during the first quarter. Hsbc Holdings PLC now owns 111,797 shares of the company’s stock valued at $2,776,000 after purchasing an additional 9,982 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of iShares MSCI Philippines ETF by 3.5% during the 1st quarter. Sanctuary Advisors LLC now owns 36,093 shares of the company’s stock worth $896,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of iShares MSCI Philippines ETF during the 1st quarter worth approximately $231,000.

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.