iShares MSCI South Korea ETF (NYSEARCA:EWY) Hits New 12-Month Low – Here’s Why

Shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) hit a new 52-week low during trading on Wednesday . The company traded as low as $50.74 and last traded at $50.89, with a volume of 1647497 shares traded. The stock had previously closed at $51.19.

iShares MSCI South Korea ETF Price Performance

The stock’s 50-day moving average price is $56.30 and its 200 day moving average price is $61.62. The firm has a market capitalization of $4.06 billion, a PE ratio of 9.60 and a beta of 1.25.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bridgewater Associates LP lifted its position in shares of iShares MSCI South Korea ETF by 12.9% in the 3rd quarter. Bridgewater Associates LP now owns 1,927,560 shares of the exchange traded fund’s stock worth $123,287,000 after purchasing an additional 220,129 shares during the period. Sun Life Financial Inc. raised its stake in iShares MSCI South Korea ETF by 46.0% in the second quarter. Sun Life Financial Inc. now owns 1,490,773 shares of the exchange traded fund’s stock worth $98,525,000 after buying an additional 469,500 shares in the last quarter. Hsbc Holdings PLC raised its stake in iShares MSCI South Korea ETF by 49.7% in the second quarter. Hsbc Holdings PLC now owns 1,263,030 shares of the exchange traded fund’s stock worth $83,474,000 after buying an additional 419,112 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares MSCI South Korea ETF by 25.3% during the third quarter. JPMorgan Chase & Co. now owns 913,197 shares of the exchange traded fund’s stock worth $58,408,000 after buying an additional 184,207 shares during the period. Finally, City of London Investment Management Co. Ltd. boosted its position in iShares MSCI South Korea ETF by 125.2% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 519,978 shares of the exchange traded fund’s stock valued at $34,365,000 after acquiring an additional 289,047 shares in the last quarter.

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.