iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Sets New 1-Year High – Here’s What Happened

iShares MSCI Hong Kong ETF (NYSEARCA:EWH)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $24.28 and last traded at $24.27, with a volume of 726182 shares traded. The stock had previously closed at $23.71.

iShares MSCI Hong Kong ETF Stock Performance

The stock has a market capitalization of $954.60 million, a price-to-earnings ratio of 14.69 and a beta of 0.39. The company has a 50-day moving average of $23.29 and a 200-day moving average of $22.64.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EWH. Fifth Third Bancorp purchased a new stake in iShares MSCI Hong Kong ETF in the 1st quarter worth approximately $27,000. Kestra Advisory Services LLC purchased a new stake in iShares MSCI Hong Kong ETF in the 4th quarter worth approximately $27,000. Comerica Bank grew its stake in iShares MSCI Hong Kong ETF by 59.2% in the 3rd quarter. Comerica Bank now owns 1,770 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 658 shares during the period. Harbour Investments Inc. grew its stake in iShares MSCI Hong Kong ETF by 461.0% in the 4th quarter. Harbour Investments Inc. now owns 3,119 shares of the exchange traded fund’s stock worth $66,000 after acquiring an additional 2,563 shares during the period. Finally, Advisors Preferred LLC purchased a new stake in iShares MSCI Hong Kong ETF in the 4th quarter worth approximately $80,000. 50.59% of the stock is currently owned by institutional investors and hedge funds.

About iShares MSCI Hong Kong ETF

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.