iShares MSCI South Korea ETF (NYSEARCA:EWY) Sets New 1-Year High – Should You Buy?

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $121.84 and last traded at $121.5150, with a volume of 1741077 shares. The stock had previously closed at $117.32.

iShares MSCI South Korea ETF Stock Down 0.8%

The business has a 50-day simple moving average of $100.14 and a 200-day simple moving average of $87.55. The company has a market cap of $11.72 billion, a PE ratio of 10.35 and a beta of 1.22.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

Hedge funds have recently bought and sold shares of the company. Nvwm LLC purchased a new stake in iShares MSCI South Korea ETF during the fourth quarter worth about $29,000. CWM LLC boosted its stake in shares of iShares MSCI South Korea ETF by 328.8% in the second quarter. CWM LLC now owns 596 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 457 shares during the period. National Bank of Canada FI grew its holdings in shares of iShares MSCI South Korea ETF by 103.9% in the third quarter. National Bank of Canada FI now owns 579 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 295 shares in the last quarter. Private Trust Co. NA increased its stake in iShares MSCI South Korea ETF by 120.5% during the 4th quarter. Private Trust Co. NA now owns 485 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 265 shares during the period. Finally, Daytona Street Capital LLC purchased a new stake in iShares MSCI South Korea ETF during the 4th quarter worth approximately $52,000. 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.