iShares MSCI Singapore ETF (NYSEARCA:EWS) Reaches New 52-Week High – Here’s Why

iShares MSCI Singapore ETF (NYSEARCA:EWS) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $23.28 and last traded at $23.26, with a volume of 3906480 shares changing hands. The stock had previously closed at $23.11.

iShares MSCI Singapore ETF Stock Performance

The firm has a market capitalization of $528.75 million, a PE ratio of 11.81 and a beta of 0.79. The stock has a fifty day moving average price of $22.36 and a 200-day moving average price of $21.74.

Hedge Funds Weigh In On iShares MSCI Singapore ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in EWS. Steward Partners Investment Advisory LLC boosted its position in shares of iShares MSCI Singapore ETF by 62.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,789 shares of the company’s stock worth $39,000 after purchasing an additional 689 shares in the last quarter. Whittier Trust Co. raised its stake in iShares MSCI Singapore ETF by 557.1% in the fourth quarter. Whittier Trust Co. now owns 2,359 shares of the company’s stock valued at $52,000 after buying an additional 2,000 shares during the last quarter. IFP Advisors Inc acquired a new stake in iShares MSCI Singapore ETF in the fourth quarter worth about $69,000. Comerica Bank boosted its holdings in iShares MSCI Singapore ETF by 936.7% in the fourth quarter. Comerica Bank now owns 4,240 shares of the company’s stock worth $93,000 after acquiring an additional 3,831 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of iShares MSCI Singapore ETF by 86.4% during the fourth quarter. Global Retirement Partners LLC now owns 4,575 shares of the company’s stock worth $100,000 after acquiring an additional 2,121 shares during the last quarter.

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.