iShares MSCI Australia ETF (NYSEARCA:EWA) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. lowered its position in shares of iShares MSCI Australia ETF (NYSEARCA:EWA) by 48.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,476 shares of the exchange traded fund’s stock after selling 10,813 shares during the quarter. iA Global Asset Management Inc.’s holdings in iShares MSCI Australia ETF were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Idaho Trust Bank raised its holdings in shares of iShares MSCI Australia ETF by 15.4% during the fourth quarter. Idaho Trust Bank now owns 51,817 shares of the exchange traded fund’s stock valued at $1,236,000 after acquiring an additional 6,932 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of iShares MSCI Australia ETF in the fourth quarter valued at approximately $2,961,000. Palisades Hudson Asset Management L.P. increased its holdings in shares of iShares MSCI Australia ETF by 5.7% in the fourth quarter. Palisades Hudson Asset Management L.P. now owns 188,350 shares of the exchange traded fund’s stock valued at $4,494,000 after purchasing an additional 10,227 shares during the last quarter. Amundi increased its holdings in shares of iShares MSCI Australia ETF by 2.2% in the fourth quarter. Amundi now owns 109,900 shares of the exchange traded fund’s stock valued at $2,677,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI Australia ETF in the fourth quarter valued at approximately $594,000. Institutional investors and hedge funds own 59.69% of the company’s stock.

iShares MSCI Australia ETF Stock Performance

NYSEARCA:EWA opened at $23.43 on Friday. iShares MSCI Australia ETF has a one year low of $22.95 and a one year high of $27.23. The stock has a market cap of $1.30 billion, a PE ratio of 17.70 and a beta of 1.14. The stock has a 50 day moving average price of $24.42 and a 200 day moving average price of $25.23.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index).