iShares MSCI South Korea ETF (NYSEARCA:EWY) Reaches New 12-Month High – Should You Buy?

iShares MSCI South Korea ETF (NYSEARCA:EWY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $121.84 and last traded at $121.5150, with a volume of 1741077 shares trading hands. The stock had previously closed at $117.32.

iShares MSCI South Korea ETF Stock Performance

The stock has a market cap of $11.46 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22. The company’s 50 day simple moving average is $98.82 and its two-hundred day simple moving average is $86.93.

Institutional Trading of iShares MSCI South Korea ETF

Several hedge funds and other institutional investors have recently modified their holdings of EWY. Nvwm LLC purchased a new position in iShares MSCI South Korea ETF in the fourth quarter valued at about $29,000. CWM LLC lifted its holdings in shares of iShares MSCI South Korea ETF by 328.8% during the 2nd quarter. CWM LLC now owns 596 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 457 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of iShares MSCI South Korea ETF by 103.9% during the 3rd quarter. National Bank of Canada FI now owns 579 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 295 shares during the last quarter. Private Trust Co. NA grew its stake in shares of iShares MSCI South Korea ETF by 120.5% in the 4th quarter. Private Trust Co. NA now owns 485 shares of the exchange traded fund’s stock valued at $47,000 after buying an additional 265 shares in the last quarter. Finally, Daytona Street Capital LLC bought a new stake in shares of iShares MSCI South Korea ETF in the 4th quarter valued at approximately $52,000. 49.22% of the stock is currently owned by hedge funds and other institutional investors.

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.