Ping Capital Management Inc. Decreases Stock Position in iShares MSCI Mexico ETF $EWW

Ping Capital Management Inc. trimmed its position in shares of iShares MSCI Mexico ETF (NYSEARCA:EWW) by 85.8% in the third quarter, Holdings Channel.com reports. The firm owned 10,200 shares of the exchange traded fund’s stock after selling 61,600 shares during the period. Ping Capital Management Inc.’s holdings in iShares MSCI Mexico ETF were worth $696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new position in iShares MSCI Mexico ETF in the 2nd quarter worth $74,869,000. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares MSCI Mexico ETF during the second quarter worth about $27,605,000. SG Americas Securities LLC lifted its stake in shares of iShares MSCI Mexico ETF by 929.7% in the second quarter. SG Americas Securities LLC now owns 286,750 shares of the exchange traded fund’s stock worth $17,366,000 after acquiring an additional 258,902 shares in the last quarter. Cercano Management LLC purchased a new position in iShares MSCI Mexico ETF in the second quarter valued at about $14,511,000. Finally, Trium Capital LLP boosted its holdings in iShares MSCI Mexico ETF by 110.3% in the third quarter. Trium Capital LLP now owns 280,541 shares of the exchange traded fund’s stock valued at $19,136,000 after purchasing an additional 147,168 shares during the last quarter.

iShares MSCI Mexico ETF Stock Up 0.4%

EWW stock opened at $76.08 on Friday. The stock’s 50 day moving average is $70.01 and its two-hundred day moving average is $66.03. iShares MSCI Mexico ETF has a 52-week low of $47.19 and a 52-week high of $76.40. The company has a market capitalization of $2.12 billion, a PE ratio of 12.85 and a beta of 0.91.

iShares MSCI Mexico ETF Profile

iShares MSCI Mexico Capped ETF (the Fund), formerly iShares MSCI Mexico Capped Investable Market Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Mexico IMI 25/50 Index (the Index). The Index consists of stocks traded primarily on the Mexican Stock Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.