iShares MSCI Singapore ETF (NYSEARCA:EWS) Reaches New 52-Week High – Still a Buy?

Shares of iShares MSCI Singapore ETF (NYSEARCA:EWS) hit a new 52-week high on Tuesday . The company traded as high as $34.21 and last traded at $34.17, with a volume of 54462 shares. The stock had previously closed at $33.74.

iShares MSCI Singapore ETF Stock Performance

The company has a market capitalization of $1.11 billion, a PE ratio of 15.28 and a beta of 0.55. The firm’s 50-day simple moving average is $31.64 and its 200 day simple moving average is $29.71.

Institutional Investors Weigh In On iShares MSCI Singapore ETF

A number of institutional investors and hedge funds have recently bought and sold shares of EWS. Sun Life Financial Inc. increased its position 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 in the last quarter. UBS Group AG raised its holdings in shares of iShares MSCI Singapore ETF by 119.8% in the third quarter. UBS Group AG now owns 904,505 shares of the company’s stock worth $25,634,000 after acquiring an additional 492,982 shares during the last quarter. Quadrature Capital Ltd lifted its position in shares of iShares MSCI Singapore ETF by 978.2% in the fourth quarter. Quadrature Capital Ltd now owns 559,475 shares of the company’s stock valued at $15,391,000 after acquiring an additional 507,586 shares in the last quarter. Millburn Ridgefield LLC DE lifted its position 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 acquiring an additional 22,997 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its position in shares of iShares MSCI Singapore ETF by 4.8% in the first 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. Hedge funds and other institutional investors own 52.30% of the company’s stock.

iShares MSCI Singapore ETF Company Profile

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).