iShares MSCI South Korea ETF (NYSEARCA:EWY) Hits New 12-Month High – Here’s Why

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $175.29 and last traded at $173.47, with a volume of 20711015 shares. The stock had previously closed at $163.59.

iShares MSCI South Korea ETF Stock Up 6.0%

The company has a 50-day moving average of $138.19 and a 200 day moving average of $115.69. The firm has a market capitalization of $23.08 billion, a PE ratio of 10.35 and a beta of 1.38.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EWY. Hsbc Holdings PLC boosted its holdings in shares of iShares MSCI South Korea ETF by 1,764.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock worth $184,457,000 after purchasing an additional 1,795,557 shares in the last quarter. Yacktman Asset Management LP purchased a new position in shares of iShares MSCI South Korea ETF in the 4th quarter worth about $111,279,000. Temasek Holdings Private Ltd boosted its holdings in shares of iShares MSCI South Korea ETF by 116.6% in the 4th quarter. Temasek Holdings Private Ltd now owns 1,594,998 shares of the exchange traded fund’s stock worth $155,066,000 after purchasing an additional 858,598 shares in the last quarter. Morgan Stanley boosted its holdings in shares of iShares MSCI South Korea ETF by 31.5% in the 4th quarter. Morgan Stanley now owns 3,405,205 shares of the exchange traded fund’s stock worth $331,054,000 after purchasing an additional 814,877 shares in the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of iShares MSCI South Korea ETF by 85.5% in the 3rd quarter. TD Asset Management Inc now owns 1,536,532 shares of the exchange traded fund’s stock worth $123,076,000 after purchasing an additional 708,000 shares in the last quarter. 49.22% of the stock is currently owned by hedge funds and other institutional investors.

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.