iShares MSCI Singapore ETF (NYSEARCA:EWS) Hits New 1-Year High – Should You Buy?

iShares MSCI Singapore ETF (NYSEARCA:EWS)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $34.27 and last traded at $34.14, with a volume of 49695 shares traded. The stock had previously closed at $33.93.

iShares MSCI Singapore ETF Stock Performance

The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 15.28 and a beta of 0.55. The company has a fifty day simple moving average of $32.00 and a 200 day simple moving average of $29.87.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Sun Life Financial Inc. raised its stake in iShares MSCI Singapore ETF by 0.7% during the fourth quarter. Sun Life Financial Inc. now owns 1,472,605 shares of the company’s stock worth $40,511,000 after buying an additional 10,446 shares during the last quarter. UBS Group AG raised its stake in iShares MSCI Singapore ETF by 119.8% during the 3rd quarter. UBS Group AG now owns 904,505 shares of the company’s stock worth $25,634,000 after buying an additional 492,982 shares during the period. Quadrature Capital Ltd lifted its holdings in shares of iShares MSCI Singapore ETF by 978.2% in the 4th quarter. Quadrature Capital Ltd now owns 559,475 shares of the company’s stock worth $15,391,000 after purchasing an additional 507,586 shares in the last quarter. Millburn Ridgefield LLC DE lifted its stake in shares of iShares MSCI Singapore ETF by 4.8% in the first quarter. Millburn Ridgefield LLC DE now owns 498,619 shares of the company’s stock valued at $14,071,000 after buying an additional 22,997 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its position in iShares MSCI Singapore ETF by 4.8% in the 1st quarter. Catalyst Capital Advisors LLC now owns 498,619 shares of the company’s stock valued at $14,071,000 after acquiring an additional 22,997 shares in the last quarter. Institutional investors own 52.30% of the company’s stock.

About iShares MSCI Singapore ETF

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).