iShares MSCI South Korea ETF (NYSEARCA:EWY) Sets New 52-Week High – Here’s What Happened

iShares MSCI South Korea ETF (NYSEARCA:EWY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $109.14 and last traded at $108.9460, with a volume of 689134 shares traded. The stock had previously closed at $107.54.

iShares MSCI South Korea ETF Trading Up 1.3%

The stock has a market cap of $9.54 billion, a P/E ratio of 10.35 and a beta of 1.22. The firm’s 50-day simple moving average is $95.36 and its 200 day simple moving average is $84.29.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC increased its stake in shares of iShares MSCI South Korea ETF by 328.8% during the second quarter. CWM LLC now owns 596 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 457 shares during the period. National Bank of Canada FI grew its holdings in 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 worth $46,000 after acquiring an additional 295 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of iShares MSCI South Korea ETF during the 2nd quarter valued at $76,000. Private Wealth Management Group LLC grew its stake in iShares MSCI South Korea ETF by 83.3% in the second quarter. Private Wealth Management Group LLC now owns 1,320 shares of the exchange traded fund’s stock valued at $95,000 after acquiring an additional 600 shares during the period. Finally, FLP Wealth Management LLC acquired a new position in iShares MSCI South Korea ETF during the 3rd quarter valued at about $103,000. Institutional investors and hedge funds 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.