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

iShares MSCI South Korea ETF (NYSEARCA:EWY) gapped down before the market opened on Monday . The stock had previously closed at $183.52, but opened at $170.31. iShares MSCI South Korea ETF shares last traded at $169.79, with a volume of 5,794,862 shares changing hands.

iShares MSCI South Korea ETF Stock Performance

The firm has a 50 day moving average price of $192.44 and a two-hundred day moving average price of $150.82. The company has a market capitalization of $21.03 billion, a P/E ratio of 10.35 and a beta of 1.46.

Institutional Trading of iShares MSCI South Korea ETF

A number of large investors have recently bought and sold shares of EWY. Goldman Sachs Group Inc. grew its holdings in shares of iShares MSCI South Korea ETF by 27.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 239,956 shares of the exchange traded fund’s stock worth $12,967,000 after purchasing an additional 52,259 shares during the last quarter. Creative Planning increased its position in shares of iShares MSCI South Korea ETF by 3.6% during the 2nd quarter. Creative Planning now owns 5,021 shares of the exchange traded fund’s stock worth $360,000 after purchasing an additional 176 shares in the last quarter. M&T Bank Corp bought a new position in iShares MSCI South Korea ETF during the 2nd quarter valued at about $203,000. Invesco Ltd. lifted its holdings in iShares MSCI South Korea ETF by 424.3% during the 2nd quarter. Invesco Ltd. now owns 94,461 shares of the exchange traded fund’s stock valued at $6,780,000 after purchasing an additional 76,444 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its position in iShares MSCI South Korea ETF by 7.0% in the second quarter. Cresset Asset Management LLC now owns 8,661 shares of the exchange traded fund’s stock valued at $622,000 after buying an additional 565 shares in the last quarter. 49.22% of the stock is currently owned by institutional investors.

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.