iShares MSCI South Korea ETF (NYSEARCA:EWY) Reaches New 52-Week High – Should You Buy?

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

iShares MSCI South Korea ETF Price Performance

The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22. The business has a fifty day moving average of $95.97 and a 200 day moving average of $84.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC boosted its holdings in iShares MSCI South Korea ETF by 328.8% in 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 in the last quarter. National Bank of Canada FI boosted its stake 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 worth $46,000 after acquiring an additional 295 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of iShares MSCI South Korea ETF during the 2nd quarter valued at about $76,000. Private Wealth Management Group LLC increased its holdings in shares of iShares MSCI South Korea ETF by 83.3% during the 2nd 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 last quarter. Finally, FLP Wealth Management LLC bought a new position in shares of iShares MSCI South Korea ETF in the 3rd quarter valued at approximately $103,000. 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.