iShares MSCI South Korea ETF (NYSEARCA:EWY) Sets New 1-Year High – Here’s Why

iShares MSCI South Korea ETF (NYSEARCA:EWY) reached a new 52-week high during trading on Thursday . The stock traded as high as $219.06 and last traded at $218.48, with a volume of 4302781 shares traded. The stock had previously closed at $205.08.

iShares MSCI South Korea ETF Trading Up 7.5%

The company has a market capitalization of $29.32 billion, a P/E ratio of 10.35 and a beta of 1.45. The firm has a fifty day moving average of $175.91 and a 200 day moving average of $137.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. DV Trading LLC boosted its position in iShares MSCI South Korea ETF by 72.4% in the first quarter. DV Trading LLC now owns 4,513 shares of the exchange traded fund’s stock worth $555,000 after purchasing an additional 1,896 shares during the last quarter. Parallel Advisors LLC purchased a new position in iShares MSCI South Korea ETF in the first quarter worth about $29,000. NWI Management LP purchased a new position in iShares MSCI South Korea ETF in the first quarter worth about $1,107,000. Western Wealth Management LLC purchased a new position in iShares MSCI South Korea ETF in the first quarter worth about $254,000. Finally, Silicon Valley Capital Partners purchased a new position in iShares MSCI South Korea ETF in the first quarter worth about $492,000. 49.22% of the stock is owned by hedge funds and other 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.