iShares MSCI South Korea ETF (NYSEARCA:EWY) Sets New 1-Year High – Here’s Why

iShares MSCI South Korea ETF (NYSEARCA:EWY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $197.66 and last traded at $197.66, with a volume of 1692001 shares. The stock had previously closed at $182.03.

iShares MSCI South Korea ETF Trading Down 1.2%

The company’s fifty day moving average is $153.77 and its 200-day moving average is $126.02. The firm has a market capitalization of $26.38 billion, a P/E ratio of 10.35 and a beta of 1.38.

Institutional Trading of iShares MSCI South Korea ETF

Large investors have recently modified their holdings of the company. First Growth Capital LLC raised its stake in iShares MSCI South Korea ETF by 3.2% during the 1st quarter. First Growth Capital LLC now owns 2,567 shares of the exchange traded fund’s stock valued at $324,000 after purchasing an additional 79 shares during the last quarter. Sunbelt Securities Inc. raised its stake in iShares MSCI South Korea ETF by 66.2% during the 1st quarter. Sunbelt Securities Inc. now owns 251 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in iShares MSCI South Korea ETF by 2.4% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 5,820 shares of the exchange traded fund’s stock valued at $466,000 after purchasing an additional 138 shares during the last quarter. Guidance Capital Inc. raised its stake in iShares MSCI South Korea ETF by 2.4% during the 3rd quarter. Guidance Capital Inc. now owns 6,221 shares of the exchange traded fund’s stock valued at $498,000 after purchasing an additional 146 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its stake in iShares MSCI South Korea ETF by 1.9% during the 4th quarter. Diversify Advisory Services LLC now owns 8,769 shares of the exchange traded fund’s stock valued at $853,000 after purchasing an additional 162 shares during the last quarter. 49.22% of the stock is owned by 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. 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.