iShares MSCI Philippines ETF (NYSEARCA:EPHE) Stock Price Down 1.7% – Here’s What Happened

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

iShares MSCI Philippines ETF Trading Down 0.3 %

The stock has a market cap of $111.51 million, a price-to-earnings ratio of 12.44 and a beta of 0.52. The stock’s 50 day moving average is $25.76 and its two-hundred day moving average is $26.55.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in shares of iShares MSCI Philippines ETF in the third quarter valued at about $452,000. National Bank of Canada FI purchased a new stake in iShares MSCI Philippines ETF in the 3rd quarter valued at approximately $201,000. Flow Traders U.S. LLC acquired a new position in iShares MSCI Philippines ETF during the 3rd quarter worth approximately $471,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of iShares MSCI Philippines ETF during the 3rd quarter worth approximately $935,000. Finally, Mount Lucas Management LP acquired a new stake in shares of iShares MSCI Philippines ETF in the 3rd quarter valued at approximately $903,000.

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.