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

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $100.66 and last traded at $100.15, with a volume of 148735 shares. The stock had previously closed at $97.00.

iShares MSCI South Korea ETF Stock Performance

The company’s fifty day simple moving average is $82.92 and its 200-day simple moving average is $72.43. The company has a market capitalization of $6.98 billion, a P/E ratio of 10.35 and a beta of 1.22.

Institutional Trading of iShares MSCI South Korea ETF

Several hedge funds have recently modified their holdings of EWY. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of iShares MSCI South Korea ETF during the first quarter valued at about $215,000. Private Trust Co. NA raised its position in shares of iShares MSCI South Korea ETF by 325.3% in the 1st quarter. Private Trust Co. NA now owns 706 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 540 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of iShares MSCI South Korea ETF in the 1st quarter valued at approximately $205,000. Envestnet Asset Management Inc. raised its position in shares of iShares MSCI South Korea ETF by 39.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 229,276 shares of the exchange traded fund’s stock valued at $12,390,000 after purchasing an additional 64,306 shares during the last quarter. Finally, Nisa Investment Advisors LLC purchased a new position in shares of iShares MSCI South Korea ETF in the 1st quarter valued at approximately $524,000. 49.22% of the stock is owned by hedge funds and other institutional investors.

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.