iShares MSCI South Korea ETF (NYSEARCA:EWY) Hits New 12-Month High – Still a Buy?

iShares MSCI South Korea ETF (NYSEARCA:EWY) shares reached a new 52-week high during trading on Monday . The stock traded as high as $126.32 and last traded at $119.4730, with a volume of 15357484 shares traded. The stock had previously closed at $124.50.

iShares MSCI South Korea ETF Stock Up 2.8%

The firm has a market capitalization of $12.08 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22. The company has a fifty day moving average price of $102.83 and a two-hundred day moving average price of $89.07.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EWY. Yacktman Asset Management LP acquired a new stake in shares of iShares MSCI South Korea ETF during the fourth quarter worth about $111,279,000. Providence First Trust Co purchased a new stake in iShares MSCI South Korea ETF during the 4th quarter valued at approximately $777,000. SBI Securities Co. Ltd. raised its stake in iShares MSCI South Korea ETF by 195.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,616 shares of the exchange traded fund’s stock valued at $254,000 after acquiring an additional 1,730 shares during the last quarter. Van Berkom & Associates Inc. acquired a new stake in iShares MSCI South Korea ETF during the 4th quarter worth approximately $50,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of iShares MSCI South Korea ETF in the 4th quarter valued at approximately $1,881,000. 49.22% of the stock is currently owned by institutional investors and hedge funds.

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.