iShares MSCI Philippines ETF (NYSEARCA:EPHE) Stock Price Up 0.9% – Here’s Why

iShares MSCI Philippines ETF (NYSEARCA:EPHE)’s stock price rose 0.9% on Thursday . The stock traded as high as $24.89 and last traded at $24.76. Approximately 137,379 shares traded hands during trading, a decline of 6% from the average daily volume of 146,543 shares. The stock had previously closed at $24.53.

iShares MSCI Philippines ETF Price Performance

The stock’s fifty day simple moving average is $24.78 and its 200-day simple moving average is $25.38. The firm has a market cap of $132.47 million, a PE ratio of 10.44 and a beta of 0.56.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EPHE. Orion Porfolio Solutions LLC raised its stake in shares of iShares MSCI Philippines ETF by 5.3% in 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 during the last quarter. JPMorgan Chase & Co. acquired a new position in iShares MSCI Philippines ETF in the 2nd quarter worth approximately $30,000. Sanctuary Advisors LLC increased its holdings in iShares MSCI Philippines ETF by 3.5% in the 1st quarter. Sanctuary Advisors LLC now owns 36,093 shares of the company’s stock worth $896,000 after buying an additional 1,225 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in iShares MSCI Philippines ETF by 9.7% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,300 shares of the company’s stock worth $728,000 after buying an additional 2,600 shares during the last quarter. Finally, Stelac Advisory Services LLC acquired a new stake in iShares MSCI Philippines ETF during the 4th quarter valued at approximately $104,000.

About iShares MSCI Philippines ETF

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.