iShares MSCI South Korea ETF (NYSEARCA:EWY) Sets New 52-Week High – Here’s Why

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s stock price 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 traded. The stock had previously closed at $182.03.

iShares MSCI South Korea ETF Stock Up 9.3%

The business’s 50 day moving average is $150.94 and its two-hundred day moving average is $124.55. The firm has a market capitalization of $26.47 billion, a P/E ratio of 10.35 and a beta of 1.38.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Prestige Wealth Management Group LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the first quarter valued at $25,000. Viewpoint Capital Management LLC lifted its holdings in shares of iShares MSCI South Korea ETF by 20,000.0% during the first quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 200 shares during the last quarter. Archer Investment Corp purchased a new stake in shares of iShares MSCI South Korea ETF during the first quarter valued at $25,000. Parallel Advisors LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the first quarter valued at $29,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of iShares MSCI South Korea ETF by 66.2% during 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 during the last quarter. Institutional investors own 49.22% of the company’s stock.

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.