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

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $56.99 and last traded at $57.01, with a volume of 1087342 shares trading hands. The stock had previously closed at $58.37.

iShares MSCI South Korea ETF Stock Performance

The company has a 50 day moving average of $62.38 and a 200-day moving average of $64.10. The stock has a market cap of $4.51 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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Telos Capital Management Inc. increased its holdings in iShares MSCI South Korea ETF by 1.9% in the third quarter. Telos Capital Management Inc. now owns 9,362 shares of the exchange traded fund’s stock valued at $599,000 after buying an additional 173 shares during the last quarter. Laffer Tengler Investments Inc. grew its stake in shares of iShares MSCI South Korea ETF by 10.7% in the 3rd quarter. Laffer Tengler Investments Inc. now owns 3,604 shares of the exchange traded fund’s stock valued at $231,000 after buying an additional 349 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in iShares MSCI South Korea ETF by 1.1% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 33,646 shares of the exchange traded fund’s stock valued at $2,152,000 after acquiring an additional 360 shares during the period. Patten Group Inc. increased its stake in iShares MSCI South Korea ETF by 7.2% during the second quarter. Patten Group Inc. now owns 5,703 shares of the exchange traded fund’s stock valued at $377,000 after acquiring an additional 382 shares during the period. Finally, Fluent Financial LLC grew its stake in shares of iShares MSCI South Korea ETF by 2.2% in the 3rd quarter. Fluent Financial LLC now owns 18,601 shares of the exchange traded fund’s stock valued at $1,190,000 after purchasing an additional 404 shares during the period.

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.