B. Riley Wealth Advisors Inc. Makes New $502,000 Investment in iShares MSCI Australia ETF $EWA

B. Riley Wealth Advisors Inc. bought a new stake in iShares MSCI Australia ETF (NYSEARCA:EWA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 18,578 shares of the exchange traded fund’s stock, valued at approximately $502,000.

Several other large investors have also modified their holdings of EWA. Cadinha & Co. LLC acquired a new position in iShares MSCI Australia ETF in the 3rd quarter valued at $25,349,000. Raymond James Financial Inc. boosted its holdings in shares of iShares MSCI Australia ETF by 3,134.0% in the second quarter. Raymond James Financial Inc. now owns 778,558 shares of the exchange traded fund’s stock valued at $20,492,000 after acquiring an additional 754,484 shares in the last quarter. Polianta Ltd purchased a new stake in shares of iShares MSCI Australia ETF in the third quarter valued at about $13,332,000. Bank of Nova Scotia acquired a new position in shares of iShares MSCI Australia ETF during the second quarter worth about $10,128,000. Finally, Ameriprise Financial Inc. raised its holdings in iShares MSCI Australia ETF by 1,145.9% during the second quarter. Ameriprise Financial Inc. now owns 158,427 shares of the exchange traded fund’s stock worth $4,169,000 after purchasing an additional 145,711 shares in the last quarter. Hedge funds and other institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Trading Down 0.2%

Shares of EWA stock opened at $28.17 on Thursday. The stock has a 50 day simple moving average of $26.37 and a 200-day simple moving average of $26.62. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 19.89 and a beta of 1.04. iShares MSCI Australia ETF has a 12-month low of $20.50 and a 12-month high of $28.27.

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). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.