iShares MSCI South Korea ETF (NYSEARCA:EWY) Shares Gap Up – Time to Buy?

iShares MSCI South Korea ETF (NYSEARCA:EWY) gapped up prior to trading on Monday . The stock had previously closed at $95.84, but opened at $97.95. iShares MSCI South Korea ETF shares last traded at $97.9830, with a volume of 1,046,125 shares traded.

iShares MSCI South Korea ETF Stock Down 0.1%

The stock’s 50-day moving average is $93.32 and its 200 day moving average is $81.81. The stock has a market capitalization of $7.13 billion, a PE ratio of 10.35 and a beta of 1.22.

Institutional Trading of iShares MSCI South Korea ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Banque Transatlantique SA purchased a new position in iShares MSCI South Korea ETF in the first quarter valued at about $25,000. New Vernon Capital Holdings II LLC lifted its holdings in shares of iShares MSCI South Korea ETF by 5,822.0% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 1,420,928 shares of the exchange traded fund’s stock valued at $76,787,000 after buying an additional 1,396,934 shares during the last quarter. Parallax Volatility Advisers L.P. bought a new stake in shares of iShares MSCI South Korea ETF in the 1st quarter valued at approximately $301,000. USS Investment Management Ltd increased its holdings in iShares MSCI South Korea ETF by 18.3% in the first quarter. USS Investment Management Ltd now owns 1,007,626 shares of the exchange traded fund’s stock worth $54,457,000 after buying an additional 155,832 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in iShares MSCI South Korea ETF by 27.8% during the first quarter. Goldman Sachs Group Inc. now owns 239,956 shares of the exchange traded fund’s stock valued at $12,967,000 after acquiring an additional 52,259 shares in the last quarter. 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.