iShares MSCI Philippines ETF (NYSEARCA:EPHE) Trading Down 1.7% – Time to Sell?

iShares MSCI Philippines ETF (NYSEARCA:EPHE)’s stock price fell 1.7% during trading on Thursday . The stock traded as low as $24.83 and last traded at $24.86. 202,916 shares traded hands during mid-day trading, an increase of 101% from the average session volume of 101,003 shares. The stock had previously closed at $25.30.

iShares MSCI Philippines ETF Stock Performance

The firm has a fifty day simple moving average of $25.76 and a 200-day simple moving average of $26.55. The company has a market capitalization of $111.51 million, a PE ratio of 12.44 and a beta of 0.52.

Hedge Funds Weigh In On iShares MSCI Philippines ETF

A number of hedge funds have recently added to or reduced their stakes in EPHE. Sun Life Financial Inc. lifted its position in iShares MSCI Philippines ETF by 29.0% in the 2nd quarter. Sun Life Financial Inc. now owns 181,200 shares of the company’s stock valued at $4,378,000 after purchasing an additional 40,700 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI Philippines ETF in the third quarter valued at approximately $471,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of iShares MSCI Philippines ETF during the third quarter valued at approximately $935,000. AlphaCentric Advisors LLC acquired a new position in shares of iShares MSCI Philippines ETF during the third quarter worth approximately $132,000. Finally, Florin Court Capital LLP bought a new position in iShares MSCI Philippines ETF in the 3rd quarter worth approximately $1,147,000.

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.