iShares MSCI South Korea ETF (NYSEARCA:EWY) Shares Gap Down – Here’s What Happened

Shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) gapped down prior to trading on Friday . The stock had previously closed at $58.14, but opened at $56.59. iShares MSCI South Korea ETF shares last traded at $56.70, with a volume of 190,006 shares trading hands.

iShares MSCI South Korea ETF Price Performance

The company has a fifty day moving average price of $61.03 and a 200 day moving average price of $63.47. The company has a market capitalization of $4.54 billion, a P/E ratio of 9.60 and a beta of 1.25.

Institutional Trading of iShares MSCI South Korea ETF

Several hedge funds have recently bought and sold shares of the company. Prudential PLC bought a new position in shares of iShares MSCI South Korea ETF in the second quarter worth $81,000. Boltwood Capital Management lifted its holdings in iShares MSCI South Korea ETF by 12.7% in the third quarter. Boltwood Capital Management now owns 5,775 shares of the exchange traded fund’s stock worth $369,000 after purchasing an additional 650 shares during the period. Allspring Global Investments Holdings LLC grew its position in iShares MSCI South Korea ETF by 0.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 230,036 shares of the exchange traded fund’s stock valued at $15,203,000 after buying an additional 715 shares in the last quarter. Blue Trust Inc. raised its position in shares of iShares MSCI South Korea ETF by 37.9% during the 3rd quarter. Blue Trust Inc. now owns 5,981 shares of the exchange traded fund’s stock worth $395,000 after buying an additional 1,645 shares in the last quarter. Finally, Patten Group Inc. lifted its stake in shares of iShares MSCI South Korea ETF by 7.2% in the 2nd quarter. Patten Group Inc. now owns 5,703 shares of the exchange traded fund’s stock worth $377,000 after acquiring an additional 382 shares during the period.

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.