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

Shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $112.40 and last traded at $111.7780, with a volume of 3611115 shares changing hands. The stock had previously closed at $112.22.

iShares MSCI South Korea ETF Stock Down 1.1%

The company’s 50-day simple moving average is $96.71 and its 200 day simple moving average is $85.40. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EWY. Hsbc Holdings PLC lifted its holdings in iShares MSCI South Korea ETF by 1,753.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,296,271 shares of the exchange traded fund’s stock worth $93,047,000 after purchasing an additional 1,226,315 shares during the last quarter. Schroder Investment Management Group raised its position in shares of iShares MSCI South Korea ETF by 31,122.4% in the second quarter. Schroder Investment Management Group now owns 1,065,620 shares of the exchange traded fund’s stock valued at $75,382,000 after purchasing an additional 1,062,207 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI South Korea ETF by 4,532.1% in the second quarter. JPMorgan Chase & Co. now owns 1,066,257 shares of the exchange traded fund’s stock worth $76,536,000 after buying an additional 1,043,238 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of iShares MSCI South Korea ETF by 85.5% in the third quarter. TD Asset Management Inc now owns 1,536,532 shares of the exchange traded fund’s stock worth $123,076,000 after buying an additional 708,000 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of iShares MSCI South Korea ETF during the 2nd quarter worth $48,810,000. 49.22% of the stock is 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.