iShares MSCI South Korea ETF (NYSEARCA:EWY) Reaches New 52-Week High – Here’s What Happened

iShares MSCI South Korea ETF (NYSEARCA:EWY) hit a new 52-week high during mid-day trading 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 Price Performance

The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22. The business has a fifty day moving average of $94.50 and a 200 day moving average of $83.18.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

A number of hedge funds have recently modified their holdings of EWY. St. Louis Financial Planners Asset Management LLC purchased a new stake in iShares MSCI South Korea ETF in the 4th quarter valued at about $2,304,000. JPMorgan Chase & Co. increased its position in shares of iShares MSCI South Korea ETF by 13.3% during the third quarter. JPMorgan Chase & Co. now owns 1,208,253 shares of the exchange traded fund’s stock valued at $96,781,000 after acquiring an additional 141,996 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of iShares MSCI South Korea ETF in the 3rd quarter valued at approximately $8,432,000. Advisory Services Network LLC acquired a new position in shares of iShares MSCI South Korea ETF in the 3rd quarter worth approximately $167,000. Finally, CacheTech Inc. purchased a new position in shares of iShares MSCI South Korea ETF during the 3rd quarter worth approximately $13,381,000. 49.22% of the stock is currently owned by hedge funds and other 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.