iShares MSCI South Korea ETF (NYSEARCA:EWY) Shares Gap Up – Here’s What Happened

iShares MSCI South Korea ETF (NYSEARCA:EWY) shares gapped up before the market opened on Monday. The stock had previously closed at $150.44, but opened at $159.19. iShares MSCI South Korea ETF shares last traded at $157.6210, with a volume of 3,893,132 shares traded.

iShares MSCI South Korea ETF Price Performance

The company has a market cap of $22.16 billion, a P/E ratio of 10.35 and a beta of 1.51. The stock has a 50-day moving average of $179.02 and a 200 day moving average of $176.45.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

Several institutional investors and hedge funds have recently bought and sold shares of EWY. Bank of America Corp DE grew its position in iShares MSCI South Korea ETF by 102.5% in the first quarter. Bank of America Corp DE now owns 10,928,797 shares of the exchange traded fund’s stock valued at $1,344,351,000 after acquiring an additional 5,532,980 shares during the last quarter. Hsbc Holdings PLC raised its stake in iShares MSCI South Korea ETF by 1,764.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock worth $184,457,000 after acquiring an additional 1,795,557 shares in the last quarter. Bank of Nova Scotia raised its stake in iShares MSCI South Korea ETF by 135.8% during the first quarter. Bank of Nova Scotia now owns 1,823,820 shares of the exchange traded fund’s stock worth $224,348,000 after acquiring an additional 1,050,220 shares in the last quarter. Main Street Research LLC lifted its holdings in shares of iShares MSCI South Korea ETF by 1.8% in the first quarter. Main Street Research LLC now owns 361,874 shares of the exchange traded fund’s stock worth $44,514,000 after acquiring an additional 6,413 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of iShares MSCI South Korea ETF by 368.1% in the second quarter. The Manufacturers Life Insurance Company now owns 303,408 shares of the exchange traded fund’s stock worth $61,258,000 after acquiring an additional 238,591 shares during the last quarter. Institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Company Profile

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.