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

Shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) reached a new 52-week high during trading on Thursday . The stock traded as high as $219.06 and last traded at $218.48, with a volume of 4302781 shares traded. The stock had previously closed at $205.08.

iShares MSCI South Korea ETF Price Performance

The business’s 50 day moving average price is $179.33 and its 200-day moving average price is $138.89. The firm has a market capitalization of $29.16 billion, a price-to-earnings ratio of 10.35 and a beta of 1.45.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Viewpoint Capital Management LLC raised its stake in shares of iShares MSCI South Korea ETF by 20,000.0% during the 1st 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 acquired a new stake in shares of iShares MSCI South Korea ETF in the 1st quarter valued at approximately $25,000. Prestige Wealth Management Group LLC purchased a new stake in shares of iShares MSCI South Korea ETF in the first quarter valued at approximately $25,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of iShares MSCI South Korea ETF in the fourth quarter valued at approximately $26,000. Finally, Nvwm LLC acquired a new position in iShares MSCI South Korea ETF during the fourth quarter worth $29,000. 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.