Banque Pictet & Cie SA Decreases Stake in iShares MSCI Indonesia ETF

In the third quarter, Banque Pictet & Cie SA significantly scaled back its investment in iShares MSCI Indonesia ETF (EIDO), a notable exchange-traded fund focusing on Indonesian equities. The adjustment represented a substantial 79.0% decrease in its holdings, showing a sell-off of 37,618 shares, and left the finance institution with a revised total of 10,000 shares. By the close of the quarter, the value of Banque Pictet & Cie SA's remaining EIDO shares was estimated at $223,000.

Industry Movements

Other financial entities have also been active in adjusting their positions in EIDO. BlackRock Inc. notably increased its shareholding by a staggering 2,688.5% in the preceding quarter, holding 1,975,718 shares valued at approximately $45.54 million. The Manufacturers Life Insurance Company opened a new position with shares estimated to be worth $19.1 million, and Bank of America Corp DE raised its stake by 151.0%, equating to an additional 766,505 shares. Moreover, Jane Street Group LLC initiated a new holding with an investment of $6.54 million, while Hsbc Holdings PLC bumped up its stake by 185.8%, bringing its total to 415,105 shares, valued near $9.57 million.

Performance Metrics

On the trading front, the iShares MSCI Indonesia ETF registered an uptick of 0.7% on a recent trading day, opening at $22.95. EIDO boasts a market capitalization of roughly $519.82 million, a PE ratio of 17.64, and maintains a moderate level of volatility with a beta of 0.80. Over the past year, the ETF's value has swung between a low of $19.94 and a peak of $24.78. Furthermore, the ETF's price movement can be tracked through its fifty day simple moving average of $22.37 and a two-hundred-day average sitting at $22.07.

About iShares MSCI Indonesia ETF

The iShares MSCI Indonesia ETF represents a diverse mix of large-, mid-, and small-cap Indonesian companies, in adherence to the MSCI Indonesia IMI 25-50 index. BlackRock manages the fund, which had its inception on May 5, 2010.

iShares, Indonesia, ETF