Raymond James Financial Inc. Makes New Investment in iShares MSCI Hong Kong ETF (NYSEARCA:EWH)

Raymond James Financial Inc. purchased a new stake in iShares MSCI Hong Kong ETF (NYSEARCA:EWH) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 308,181 shares of the exchange traded fund’s stock, valued at approximately $5,134,000.

A number of other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in iShares MSCI Hong Kong ETF by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 157,525 shares of the exchange traded fund’s stock valued at $2,939,000 after buying an additional 11,689 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares MSCI Hong Kong ETF in the fourth quarter valued at about $394,000. USA Financial Formulas acquired a new stake in shares of iShares MSCI Hong Kong ETF in the fourth quarter valued at about $150,000. Millburn Ridgefield Corp increased its stake in shares of iShares MSCI Hong Kong ETF by 17.6% in the fourth quarter. Millburn Ridgefield Corp now owns 744,502 shares of the exchange traded fund’s stock worth $12,403,000 after purchasing an additional 111,172 shares during the period. Finally, Vontobel Holding Ltd. lifted its position in shares of iShares MSCI Hong Kong ETF by 0.5% during the 4th quarter. Vontobel Holding Ltd. now owns 334,214 shares of the exchange traded fund’s stock worth $5,568,000 after purchasing an additional 1,531 shares during the last quarter. Institutional investors own 50.59% of the company’s stock.

iShares MSCI Hong Kong ETF Stock Down 0.3 %

EWH opened at $17.69 on Wednesday. The stock’s 50 day moving average price is $17.13 and its two-hundred day moving average price is $17.31. The firm has a market capitalization of $642.15 million, a P/E ratio of 15.83 and a beta of 0.50. iShares MSCI Hong Kong ETF has a 12-month low of $14.64 and a 12-month high of $20.37.

About iShares MSCI Hong Kong ETF

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Hong Kong market, as measured by the MSCI Hong Kong Index (the Index).