iShares MSCI South Korea ETF (NYSEARCA:EWY) Shares Pass Above 200 Day Moving Average – Here’s What Happened

iShares MSCI South Korea ETF (NYSEARCA:EWY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $80.96 and traded as high as $94.65. iShares MSCI South Korea ETF shares last traded at $94.60, with a volume of 3,461,499 shares trading hands.

iShares MSCI South Korea ETF Trading Up 1.3%

The stock has a market capitalization of $6.92 billion, a PE ratio of 10.35 and a beta of 1.22. The business has a fifty day moving average price of $92.95 and a 200-day moving average price of $81.16.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EWY. JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI South Korea ETF by 13.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,208,253 shares of the exchange traded fund’s stock worth $96,781,000 after acquiring an additional 141,996 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in iShares MSCI South Korea ETF in the 3rd quarter worth $8,432,000. Advisory Services Network LLC bought a new stake in iShares MSCI South Korea ETF in the third quarter worth $167,000. CacheTech Inc. bought a new stake in iShares MSCI South Korea ETF in the third quarter worth $13,381,000. Finally, Soros Capital Management LLC boosted its position in iShares MSCI South Korea ETF by 34.3% during the third quarter. Soros Capital Management LLC now owns 307,600 shares of the exchange traded fund’s stock valued at $24,639,000 after buying an additional 78,500 shares during the period. 49.22% of the stock is owned by hedge funds and other institutional investors.

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.