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

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s share price reached a new 52-week low on Wednesday . The company traded as low as $52.57 and last traded at $52.78, with a volume of 2594350 shares trading hands. The stock had previously closed at $53.57.

iShares MSCI South Korea ETF Price Performance

The business has a 50-day moving average of $58.37 and a 200-day moving average of $62.47. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 9.60 and a beta of 1.25.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

Hedge funds have recently bought and sold shares of the company. Telos Capital Management Inc. lifted its holdings in iShares MSCI South Korea ETF by 1.9% during the 3rd quarter. Telos Capital Management Inc. now owns 9,362 shares of the exchange traded fund’s stock valued at $599,000 after purchasing an additional 173 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of iShares MSCI South Korea ETF by 6.9% during the 3rd quarter. Fisher Asset Management LLC now owns 4,768 shares of the exchange traded fund’s stock worth $305,000 after buying an additional 309 shares during the last quarter. Laffer Tengler Investments Inc. boosted its holdings in shares of iShares MSCI South Korea ETF by 10.7% during the 3rd quarter. Laffer Tengler Investments Inc. now owns 3,604 shares of the exchange traded fund’s stock worth $231,000 after buying an additional 349 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of iShares MSCI South Korea ETF by 1.1% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 33,646 shares of the exchange traded fund’s stock worth $2,152,000 after buying an additional 360 shares during the period. Finally, Patten Group Inc. grew its stake in 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 valued at $377,000 after buying an additional 382 shares during 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.