iShares MSCI South Korea ETF (NYSEARCA:EWY) Reaches New 12-Month High – Here’s What Happened

iShares MSCI South Korea ETF (NYSEARCA:EWY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $194.58 and last traded at $192.85, with a volume of 17159613 shares changing hands. The stock had previously closed at $190.20.

iShares MSCI South Korea ETF Stock Up 5.7%

The company has a market cap of $25.10 billion, a PE ratio of 10.35 and a beta of 1.38. The firm’s fifty day simple moving average is $142.73 and its 200-day simple moving average is $119.73.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

Hedge funds have recently bought and sold shares of the stock. Viewpoint Capital Management LLC increased its position in iShares MSCI South Korea ETF by 20,000.0% during the first quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 200 shares in the last quarter. Archer Investment Corp purchased a new position in iShares MSCI South Korea ETF in the 1st quarter valued at about $25,000. Prestige Wealth Management Group LLC purchased a new position in iShares MSCI South Korea ETF in the 1st quarter valued at about $25,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in iShares MSCI South Korea ETF in the 4th quarter valued at about $26,000. Finally, Nvwm LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the fourth quarter worth about $29,000. Hedge funds and other 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.