iShares MSCI South Korea ETF (NYSEARCA:EWY) Sets New 52-Week Low – What’s Next?

Shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) reached a new 52-week low on Tuesday . The company traded as low as $56.99 and last traded at $57.01, with a volume of 1087342 shares traded. The stock had previously closed at $58.37.

iShares MSCI South Korea ETF Price Performance

The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 9.60 and a beta of 1.25. The business’s fifty day simple moving average is $62.38 and its 200 day simple moving average is $64.10.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC bought a new stake in iShares MSCI South Korea ETF in the first quarter valued at $645,000. SG Americas Securities LLC grew its holdings in shares of iShares MSCI South Korea ETF by 58.0% during the first quarter. SG Americas Securities LLC now owns 37,826 shares of the exchange traded fund’s stock worth $2,539,000 after buying an additional 13,882 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in iShares MSCI South Korea ETF by 164.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 3,042 shares of the exchange traded fund’s stock valued at $204,000 after purchasing an additional 1,890 shares in the last quarter. Picton Mahoney Asset Management bought a new position in iShares MSCI South Korea ETF in the first quarter valued at approximately $168,000. Finally, City of London Investment Management Co. Ltd. lifted its position in shares of iShares MSCI South Korea ETF by 202.7% in the first quarter. City of London Investment Management Co. Ltd. now owns 230,931 shares of the exchange traded fund’s stock valued at $15,498,000 after buying an additional 154,634 shares during the last quarter.

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.