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

iShares MSCI Singapore ETF (NYSEARCA:EWS)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $33.29 and last traded at $33.27, with a volume of 22538 shares changing hands. The stock had previously closed at $32.55.

iShares MSCI Singapore ETF Trading Up 2.1%

The stock has a fifty day moving average of $30.58 and a two-hundred day moving average of $29.26. The company has a market capitalization of $1.08 billion, a PE ratio of 15.28 and a beta of 0.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EWS. Pekin Hardy Strauss Inc. grew its holdings in shares of iShares MSCI Singapore ETF by 37.5% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 67,875 shares of the company’s stock valued at $1,867,000 after purchasing an additional 18,510 shares during the last quarter. Vertex Investment Solutions Co. Ltd. bought a new stake in iShares MSCI Singapore ETF in the fourth quarter worth $992,000. Catalyst Capital Advisors LLC lifted its stake in 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 worth $14,071,000 after purchasing an additional 22,997 shares during the last quarter. Millburn Ridgefield LLC DE boosted its position in iShares MSCI Singapore ETF by 3.8% during the fourth quarter. Millburn Ridgefield LLC DE now owns 475,622 shares of the company’s stock valued at $13,084,000 after buying an additional 17,568 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in iShares MSCI Singapore ETF by 213,957.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 209,776 shares of the company’s stock valued at $5,771,000 after buying an additional 209,678 shares during the period. 52.30% of the stock is currently owned by institutional investors.

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).