Hsbc Holdings PLC Sells 926,323 Shares of iShares MSCI Australia ETF $EWA

Hsbc Holdings PLC cut its position in iShares MSCI Australia ETF (NYSEARCA:EWA) by 34.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,767,396 shares of the exchange traded fund’s stock after selling 926,323 shares during the quarter. Hsbc Holdings PLC owned 3.83% of iShares MSCI Australia ETF worth $46,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Johnson Financial Group Inc. bought a new position in iShares MSCI Australia ETF in the third quarter valued at approximately $32,000. Tower Research Capital LLC TRC raised its position in iShares MSCI Australia ETF by 10,333.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,565 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 1,550 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in iShares MSCI Australia ETF during the first quarter worth $42,000. Laurel Wealth Advisors LLC bought a new stake in iShares MSCI Australia ETF during the fourth quarter worth $72,000. Finally, Fifth Third Bancorp bought a new stake in iShares MSCI Australia ETF during the third quarter worth $75,000. Institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Stock Performance

Shares of EWA stock opened at $28.02 on Wednesday. iShares MSCI Australia ETF has a fifty-two week low of $24.94 and a fifty-two week high of $30.48. The stock’s fifty day moving average price is $29.10 and its two-hundred day moving average price is $28.22. The company has a market cap of $1.30 billion, a PE ratio of 19.89 and a beta of 0.96.

About iShares MSCI Australia ETF

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.