iShares MSCI South Korea ETF (NYSEARCA:EWY) Hits New 52-Week High – What’s Next?

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $127.35 and last traded at $127.6230, with a volume of 158814 shares. The stock had previously closed at $124.45.

iShares MSCI South Korea ETF Price Performance

The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22. The stock has a 50 day moving average price of $107.54 and a two-hundred day moving average price of $91.37.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its stake in shares of iShares MSCI South Korea ETF by 1,753.0% in the second quarter. Hsbc Holdings PLC now owns 1,296,271 shares of the exchange traded fund’s stock worth $93,047,000 after acquiring an additional 1,226,315 shares in the last quarter. Yacktman Asset Management LP purchased a new stake in iShares MSCI South Korea ETF during the 4th quarter worth about $111,279,000. Schroder Investment Management Group increased its holdings in iShares MSCI South Korea ETF by 31,122.4% during the 2nd quarter. Schroder Investment Management Group now owns 1,065,620 shares of the exchange traded fund’s stock worth $75,382,000 after purchasing an additional 1,062,207 shares during the period. JPMorgan Chase & Co. raised its position in iShares MSCI South Korea ETF by 4,532.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,066,257 shares of the exchange traded fund’s stock valued at $76,536,000 after purchasing an additional 1,043,238 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of iShares MSCI South Korea ETF by 85.5% in the 3rd quarter. TD Asset Management Inc now owns 1,536,532 shares of the exchange traded fund’s stock valued at $123,076,000 after buying an additional 708,000 shares during the period. 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.