JPMorgan Chase & Co. Increases Holdings in iShares MSCI Indonesia ETF (NYSEARCA:EIDO)

JPMorgan Chase & Co. raised its stake in iShares MSCI Indonesia ETF (NYSEARCA:EIDO) by 21.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 650,121 shares of the company’s stock after buying an additional 116,597 shares during the period. JPMorgan Chase & Co.’s holdings in iShares MSCI Indonesia ETF were worth $14,628,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sun Life Financial Inc. boosted its position in shares of iShares MSCI Indonesia ETF by 204.6% during the 2nd quarter. Sun Life Financial Inc. now owns 776,800 shares of the company’s stock valued at $14,969,000 after acquiring an additional 521,800 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in iShares MSCI Indonesia ETF during the third quarter worth about $4,017,000. Flow Traders U.S. LLC boosted its holdings in iShares MSCI Indonesia ETF by 317.7% in the 3rd quarter. Flow Traders U.S. LLC now owns 118,002 shares of the company’s stock valued at $2,655,000 after purchasing an additional 89,754 shares during the last quarter. Renaissance Technologies LLC acquired a new position in iShares MSCI Indonesia ETF in the 2nd quarter valued at about $810,000. Finally, Mount Lucas Management LP purchased a new stake in shares of iShares MSCI Indonesia ETF in the 3rd quarter valued at approximately $883,000.

iShares MSCI Indonesia ETF Stock Performance

EIDO stock opened at $18.25 on Friday. iShares MSCI Indonesia ETF has a one year low of $18.09 and a one year high of $23.61. The firm has a market cap of $386.90 million, a PE ratio of 10.08 and a beta of 0.55. The firm’s 50 day moving average price is $19.69 and its 200-day moving average price is $20.72.

About iShares MSCI Indonesia ETF

The iShares MSCI Indonesia ETF (EIDO) is an exchange-traded fund that is based on the MSCI Indonesia IMI 25-50 index, a market-cap-weighted index of large-, mid and small-cap Indonesian companies. EIDO was launched on May 5, 2010 and is managed by BlackRock.