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

Shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $90.57 and last traded at $90.43, with a volume of 5315383 shares. The stock had previously closed at $88.52.

iShares MSCI South Korea ETF Stock Up 2.2%

The company has a market cap of $6.42 billion, a price-to-earnings ratio of 10.35 and a beta of 1.05. The company’s fifty day moving average price is $78.25 and its two-hundred day moving average price is $69.11.

Institutional Trading of iShares MSCI South Korea ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Banque Transatlantique SA acquired a new position in shares of iShares MSCI South Korea ETF during the first quarter worth about $25,000. CWM LLC lifted its stake in iShares MSCI South Korea ETF by 328.8% in the 2nd quarter. CWM LLC now owns 596 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 457 shares in the last quarter. Private Trust Co. NA lifted its stake in iShares MSCI South Korea ETF by 325.3% in the 1st quarter. Private Trust Co. NA now owns 706 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 540 shares in the last quarter. Private Wealth Management Group LLC acquired a new position in iShares MSCI South Korea ETF during the 1st quarter worth approximately $39,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of iShares MSCI South Korea ETF during the 1st quarter worth approximately $56,000. Institutional investors and hedge funds 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.