iShares MSCI South Korea ETF (NYSEARCA:EWY) Share Price Cross Above 200 Day Moving Average – What’s Next?

iShares MSCI South Korea ETF (NYSEARCA:EWY) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $161.64 and traded as high as $166.42. iShares MSCI South Korea ETF shares last traded at $165.91, with a volume of 21,950,407 shares trading hands.

iShares MSCI South Korea ETF Price Performance

The stock has a market capitalization of $22.41 billion, a PE ratio of 10.35 and a beta of 1.51. The firm’s 50 day simple moving average is $175.36 and its 200 day simple moving average is $162.12.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of iShares MSCI South Korea ETF by 102.5% during 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 in the last quarter. Hsbc Holdings PLC boosted its holdings in iShares MSCI South Korea ETF by 1,764.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock valued at $184,457,000 after acquiring an additional 1,795,557 shares in the last quarter. Bank of Nova Scotia boosted its holdings in iShares MSCI South Korea ETF by 135.8% in the first quarter. Bank of Nova Scotia now owns 1,823,820 shares of the exchange traded fund’s stock valued at $224,348,000 after acquiring an additional 1,050,220 shares in the last quarter. Main Street Research LLC increased its position in iShares MSCI South Korea ETF by 1.8% during the 1st quarter. Main Street Research LLC now owns 361,874 shares of the exchange traded fund’s stock valued at $44,514,000 after purchasing an additional 6,413 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in iShares MSCI South Korea ETF by 368.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 303,408 shares of the exchange traded fund’s stock valued at $61,258,000 after purchasing an additional 238,591 shares during the period. 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.