iShares MSCI South Korea ETF (NYSEARCA:EWY) Hits New 1-Year High – Here’s What Happened

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $135.18 and last traded at $135.0340, with a volume of 3961760 shares traded. The stock had previously closed at $132.93.

iShares MSCI South Korea ETF Stock Up 4.9%

The stock has a market capitalization of $13.95 billion, a PE ratio of 10.35 and a beta of 1.22. The business’s 50-day moving average is $112.33 and its two-hundred day moving average is $93.96.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

A number of institutional investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in iShares MSCI South Korea ETF in the 4th quarter valued at about $26,000. Nvwm LLC purchased a new position in shares of iShares MSCI South Korea ETF in the fourth quarter valued at $29,000. Intesa Sanpaolo Wealth Management acquired a new position in iShares MSCI South Korea ETF during the fourth quarter worth about $31,000. Berbice Capital Management LLC acquired a new position in shares of iShares MSCI South Korea ETF during the 4th quarter worth approximately $34,000. Finally, Strategic Advocates LLC purchased a new stake in shares of iShares MSCI South Korea ETF in the fourth quarter valued at $38,000. 49.22% of the stock is 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.