iShares MSCI South Korea ETF (NYSEARCA:EWY) Stock Price Up 4.6% – What’s Next?

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s stock price shot up 4.6% on Wednesday. The company traded as high as $164.06 and last traded at $164.7050. Approximately 3,372,355 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 18,821,650 shares. The stock had previously closed at $157.46.

iShares MSCI South Korea ETF Trading Up 4.5%

The stock has a market capitalization of $24.01 billion, a P/E ratio of 10.35 and a beta of 1.51. The firm’s fifty day moving average is $176.20 and its 200-day moving average is $161.34.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE raised its position in iShares MSCI South Korea ETF by 102.5% in the 1st quarter. Bank of America Corp DE now owns 10,928,797 shares of the exchange traded fund’s stock valued at $1,344,351,000 after purchasing an additional 5,532,980 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of iShares MSCI South Korea ETF by 1,764.2% during the fourth 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 during the last quarter. Bank of Nova Scotia increased its stake in shares of iShares MSCI South Korea ETF by 135.8% in the first quarter. Bank of Nova Scotia now owns 1,823,820 shares of the exchange traded fund’s stock valued at $224,348,000 after buying an additional 1,050,220 shares in the last quarter. Main Street Research LLC increased its stake in shares of iShares MSCI South Korea ETF by 1.8% in the first quarter. Main Street Research LLC now owns 361,874 shares of the exchange traded fund’s stock valued at $44,514,000 after buying an additional 6,413 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of iShares MSCI South Korea ETF by 368.1% in the second quarter. The Manufacturers Life Insurance Company now owns 303,408 shares of the exchange traded fund’s stock valued at $61,258,000 after buying an additional 238,591 shares in the last quarter. 49.22% of the stock is currently owned by 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.