Bank of New York Mellon Corp Reduces Stock Position in iShares MSCI Philippines ETF (NYSEARCA:EPHE)

Bank of New York Mellon Corp trimmed its stake in shares of iShares MSCI Philippines ETF (NYSEARCA:EPHE) by 28.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,458 shares of the company’s stock after selling 10,302 shares during the quarter. Bank of New York Mellon Corp owned 0.57% of iShares MSCI Philippines ETF worth $615,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in shares of iShares MSCI Philippines ETF in the 1st quarter valued at about $94,000. Brookstone Capital Management bought a new stake in iShares MSCI Philippines ETF during the first quarter valued at approximately $242,000. Connectus Wealth LLC purchased a new position in iShares MSCI Philippines ETF in the 4th quarter worth approximately $453,000. Janney Montgomery Scott LLC bought a new position in shares of iShares MSCI Philippines ETF in the 1st quarter worth $582,000. Finally, Scotia Capital Inc. purchased a new stake in shares of iShares MSCI Philippines ETF during the 4th quarter valued at $707,000.

iShares MSCI Philippines ETF Stock Performance

Shares of EPHE opened at $29.59 on Tuesday. iShares MSCI Philippines ETF has a fifty-two week low of $23.12 and a fifty-two week high of $29.62. The firm has a market cap of $133.16 million, a price-to-earnings ratio of 12.44 and a beta of 0.52. The firm has a 50 day moving average price of $26.74 and a 200-day moving average price of $26.00.

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.