iShares MSCI South Korea ETF (NYSEARCA:EWY) Shares Gap Down – Here’s What Happened

iShares MSCI South Korea ETF (NYSEARCA:EWY) gapped down before the market opened on Thursday . The stock had previously closed at $126.22, but opened at $117.52. iShares MSCI South Korea ETF shares last traded at $118.24, with a volume of 2,779,189 shares.

iShares MSCI South Korea ETF Price Performance

The firm has a market capitalization of $16.07 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22. The business’s fifty day moving average is $129.84 and its 200 day moving average is $106.03.

Institutional Trading of iShares MSCI South Korea ETF

A number of hedge funds have recently made changes to their positions in EWY. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in iShares MSCI South Korea ETF during the 4th quarter worth about $26,000. Nvwm LLC purchased a new stake in shares of iShares MSCI South Korea ETF in the fourth quarter valued at about $29,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares MSCI South Korea ETF during the fourth quarter valued at approximately $31,000. Berbice Capital Management LLC bought a new position in iShares MSCI South Korea ETF during the fourth quarter valued at about $34,000. Finally, Strategic Advocates LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the 4th quarter worth approximately $38,000. 49.22% of the stock is 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.