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

iShares MSCI South Korea ETF (NYSEARCA:EWY) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $158.68 and last traded at $158.49, with a volume of 7378865 shares trading hands. The stock had previously closed at $153.96.

iShares MSCI South Korea ETF Trading Up 4.4%

The stock has a market capitalization of $21.39 billion, a price-to-earnings ratio of 10.35 and a beta of 1.23. The stock’s 50 day moving average is $137.05 and its two-hundred day moving average is $114.30.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

A number of large investors have recently bought and sold shares of EWY. Viewpoint Capital Management LLC boosted its position in iShares MSCI South Korea ETF by 20,000.0% during the 1st quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 200 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in iShares MSCI South Korea ETF during the 4th quarter worth approximately $26,000. Nvwm LLC acquired a new position in shares of iShares MSCI South Korea ETF during the 4th quarter worth about $29,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of iShares MSCI South Korea ETF during the 4th quarter worth about $31,000. Finally, Berbice Capital Management LLC acquired a new position in shares of iShares MSCI South Korea ETF during the 4th quarter worth about $34,000. Institutional investors and hedge funds 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.