iShares MSCI South Korea ETF (NYSEARCA:EWY) Shares Gap Up – Should You Buy?

Shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) gapped up before the market opened on Monday . The stock had previously closed at $175.19, but opened at $186.88. iShares MSCI South Korea ETF shares last traded at $187.06, with a volume of 8,450,505 shares traded.

iShares MSCI South Korea ETF Price Performance

The company’s 50-day moving average price is $166.71 and its 200-day moving average price is $132.80. The company has a market cap of $24.49 billion, a P/E ratio of 10.35 and a beta of 1.45.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

Several large investors have recently made changes to their positions in EWY. First Growth Capital LLC grew its position in iShares MSCI South Korea ETF by 3.2% in the first 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 in the last quarter. Sunbelt Securities Inc. grew its position in iShares MSCI South Korea ETF by 66.2% in the first 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 in the last quarter. Guidance Capital Inc. grew its position in iShares MSCI South Korea ETF by 2.4% in the third 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 in the last quarter. Diversify Advisory Services LLC grew its position in iShares MSCI South Korea ETF by 1.9% in the fourth 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 in the last quarter. Finally, Creative Planning grew its position in iShares MSCI South Korea ETF by 3.6% in the second quarter. Creative Planning now owns 5,021 shares of the exchange traded fund’s stock valued at $360,000 after purchasing an additional 176 shares in the last quarter. 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.