iShares MSCI South Korea ETF (NYSEARCA:EWY) Hits New 12-Month High – Here’s Why

iShares MSCI South Korea ETF (NYSEARCA:EWY) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $175.29 and last traded at $173.47, with a volume of 20711015 shares. The stock had previously closed at $163.59.

iShares MSCI South Korea ETF Stock Performance

The business has a 50 day moving average price of $138.19 and a two-hundred day moving average price of $115.69. The company has a market cap of $23.08 billion, a P/E ratio of 10.35 and a beta of 1.38.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley lifted its stake in shares of iShares MSCI South Korea ETF by 31.5% in the 4th quarter. Morgan Stanley now owns 3,405,205 shares of the exchange traded fund’s stock valued at $331,054,000 after acquiring an additional 814,877 shares during the last quarter. Bridgewater Associates LP lifted its stake in shares of iShares MSCI South Korea ETF by 1.8% in the 4th quarter. Bridgewater Associates LP now owns 2,072,358 shares of the exchange traded fund’s stock valued at $201,475,000 after acquiring an additional 37,242 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of iShares MSCI South Korea ETF by 1,764.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock valued at $184,457,000 after acquiring an additional 1,795,557 shares during the last quarter. Temasek Holdings Private Ltd lifted its stake in shares of iShares MSCI South Korea ETF by 116.6% in the 4th quarter. Temasek Holdings Private Ltd now owns 1,594,998 shares of the exchange traded fund’s stock valued at $155,066,000 after acquiring an additional 858,598 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in shares of iShares MSCI South Korea ETF by 85.5% in the 3rd quarter. TD Asset Management Inc now owns 1,536,532 shares of the exchange traded fund’s stock valued at $123,076,000 after acquiring an additional 708,000 shares during the last quarter. Institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Company Profile

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.