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

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $197.66 and last traded at $197.66, with a volume of 1692001 shares. The stock had previously closed at $182.03.

iShares MSCI South Korea ETF Stock Performance

The firm has a 50 day moving average of $150.94 and a 200-day moving average of $124.55. The stock has a market capitalization of $26.47 billion, a PE ratio of 10.35 and a beta of 1.38.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

Hedge funds have recently bought and sold shares of the business. Prestige Wealth Management Group LLC purchased a new stake in iShares MSCI South Korea ETF in the 1st quarter worth about $25,000. Viewpoint Capital Management LLC lifted its stake in iShares MSCI South Korea ETF by 20,000.0% in the 1st quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Archer Investment Corp purchased a new stake in iShares MSCI South Korea ETF in the 1st quarter worth about $25,000. Parallel Advisors LLC purchased a new stake in iShares MSCI South Korea ETF in the 1st quarter worth about $29,000. Finally, Sunbelt Securities Inc. lifted its stake in iShares MSCI South Korea ETF by 66.2% in the 1st quarter. Sunbelt Securities Inc. now owns 251 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. 49.22% of the stock is owned by hedge funds and other institutional investors.

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.