iShares MSCI South Korea ETF (NYSEARCA:EWY) Reaches New 1-Year High – Time to Buy?

Shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) reached a new 52-week high during trading on Friday . The company traded as high as $101.74 and last traded at $101.3960, with a volume of 1899697 shares traded. The stock had previously closed at $97.22.

iShares MSCI South Korea ETF Price Performance

The company’s 50-day moving average price is $93.82 and its two-hundred day moving average price is $82.37. The company has a market capitalization of $7.39 billion, a P/E ratio of 10.35 and a beta of 1.22.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

Several hedge funds have recently bought and sold shares of EWY. Banque Transatlantique SA acquired a new position in shares of iShares MSCI South Korea ETF in the first quarter valued at approximately $25,000. CWM LLC boosted its stake in iShares MSCI South Korea ETF by 328.8% in the 2nd 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 iShares MSCI South Korea ETF by 103.9% in the 3rd quarter. National Bank of Canada FI now owns 579 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 295 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in iShares MSCI South Korea ETF in the 2nd quarter valued at $76,000. Finally, Private Wealth Management Group LLC increased its position in iShares MSCI South Korea ETF by 83.3% during the 2nd quarter. Private Wealth Management Group LLC now owns 1,320 shares of the exchange traded fund’s stock worth $95,000 after buying an additional 600 shares during the period. 49.22% of the stock is currently owned by institutional investors and hedge funds.

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.