iShares MSCI South Korea ETF (NYSEARCA:EWY) Hits New 12-Month High – Still a Buy?

Shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) reached a new 52-week high on Thursday . The company traded as high as $107.94 and last traded at $107.2160, with a volume of 1297607 shares. The stock had previously closed at $107.03.

iShares MSCI South Korea ETF Stock Up 2.2%

The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22. The stock has a 50 day simple moving average of $94.96 and a 200 day simple moving average of $83.62.

Institutional Trading of iShares MSCI South Korea ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in shares of iShares MSCI South Korea ETF by 27.8% during the first quarter. Goldman Sachs Group Inc. now owns 239,956 shares of the exchange traded fund’s stock valued at $12,967,000 after buying an additional 52,259 shares during the last quarter. Rhumbline Advisers lifted its position in iShares MSCI South Korea ETF by 63.8% in the 1st quarter. Rhumbline Advisers now owns 68,748 shares of the exchange traded fund’s stock valued at $3,715,000 after acquiring an additional 26,770 shares in the last quarter. Boltwood Capital Management bought a new position in iShares MSCI South Korea ETF in the 2nd quarter valued at about $273,000. Park Avenue Securities LLC acquired a new position in iShares MSCI South Korea ETF during the 2nd quarter valued at about $203,000. Finally, Clear Harbor Asset Management LLC increased its holdings in iShares MSCI South Korea ETF by 31.5% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 41,270 shares of the exchange traded fund’s stock worth $2,962,000 after purchasing an additional 9,890 shares in the last quarter. Institutional investors own 49.22% of the company’s stock.

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.