iShares MSCI Philippines ETF (NYSEARCA:EPHE) Shares Up 0.4% – What’s Next?
by Doug Wharley · The Cerbat GemiShares MSCI Philippines ETF (NYSEARCA:EPHE – Get Free Report)’s share price rose 0.4% on Thursday . The stock traded as high as $24.75 and last traded at $24.63. Approximately 21,270 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 148,589 shares. The stock had previously closed at $24.53.
iShares MSCI Philippines ETF Trading Up 0.4%
The firm has a 50 day simple moving average of $24.84 and a 200 day simple moving average of $25.32. The firm has a market capitalization of $132.25 million, a PE ratio of 10.44 and a beta of 0.57.
Hedge Funds Weigh In On iShares MSCI Philippines ETF
A number of institutional investors have recently bought and sold shares of EPHE. Graham Capital Management L.P. bought a new stake in iShares MSCI Philippines ETF during the fourth quarter valued at about $3,030,000. Man Group plc purchased a new position in shares of iShares MSCI Philippines ETF during the second quarter valued at about $1,657,000. Royal Bank of Canada grew its position in shares of iShares MSCI Philippines ETF by 3,416.6% during the first quarter. Royal Bank of Canada now owns 56,265 shares of the company’s stock valued at $1,423,000 after purchasing an additional 54,665 shares in the last quarter. Cresset Asset Management LLC purchased a new position in shares of iShares MSCI Philippines ETF during the third quarter valued at about $556,000. Finally, Susquehanna International Group LLP purchased a new position in shares of iShares MSCI Philippines ETF during the third quarter valued at about $352,000.
About iShares MSCI Philippines ETF
The iShares MSCI Philippines ETF (EPHE) is an exchange-traded fund that is based on the MSCI Philippines IMI 25\u002F50 index, a free float-adjusted market-cap-weighted index of the broader Filipino equity market. EPHE was launched on Sep 28, 2010 and is managed by BlackRock.