iShares MSCI South Korea ETF (NYSEARCA:EWY) Hits New 12-Month High – What’s Next?

iShares MSCI South Korea ETF (NYSEARCA:EWY) shares hit a new 52-week high on Wednesday . The company traded as high as $145.62 and last traded at $144.55, with a volume of 20084550 shares trading hands. The stock had previously closed at $139.30.

iShares MSCI South Korea ETF Stock Up 1.0%

The company has a market cap of $14.79 billion, a P/E ratio of 10.35 and a beta of 1.22. The company has a fifty day moving average of $116.77 and a 200 day moving average of $95.98.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in shares of iShares MSCI South Korea ETF by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 239,956 shares of the exchange traded fund’s stock worth $12,967,000 after buying an additional 52,259 shares during the last quarter. CWM LLC raised its position in iShares MSCI South Korea ETF by 328.8% in the second quarter. CWM LLC now owns 596 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 457 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of iShares MSCI South Korea ETF by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 233,118 shares of the exchange traded fund’s stock worth $16,733,000 after acquiring an additional 3,842 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of iShares MSCI South Korea ETF by 128.5% during the 2nd quarter. Bessemer Group Inc. now owns 59,403 shares of the exchange traded fund’s stock worth $4,264,000 after acquiring an additional 33,410 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of iShares MSCI South Korea ETF during the 2nd quarter valued at $1,582,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

About iShares MSCI South Korea ETF

iShares MSCI South Korea Capped ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Korea 25/50 Index (the Index). The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.