iShares MSCI South Korea ETF (NYSEARCA:EWY) Reaches New 12-Month High – What’s Next?

iShares MSCI South Korea ETF (NYSEARCA:EWY) hit a new 52-week high on Wednesday . The company traded as high as $145.62 and last traded at $144.55, with a volume of 20084550 shares changing hands. The stock had previously closed at $139.30.

iShares MSCI South Korea ETF Trading Up 3.8%

The company’s 50-day moving average price is $114.36 and its two-hundred day moving average price is $95.22. The company has a market cap of $14.22 billion, a P/E ratio of 10.35 and a beta of 1.22.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of iShares MSCI South Korea ETF during the 4th quarter valued at $26,000. Nvwm LLC acquired a new stake in shares of iShares MSCI South Korea ETF during the fourth quarter worth $29,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of iShares MSCI South Korea ETF during the fourth quarter worth $31,000. Berbice Capital Management LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the fourth quarter valued at $34,000. Finally, Strategic Advocates LLC acquired a new position in shares of iShares MSCI South Korea ETF in the 4th quarter valued at $38,000. 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.