iShares MSCI South Korea ETF (NYSEARCA:EWY) Sets New 12-Month Low – Should You Sell?

iShares MSCI South Korea ETF (NYSEARCA:EWY) hit 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. The stock had previously closed at $53.57.

iShares MSCI South Korea ETF Stock Performance

The company has a fifty day moving average of $58.37 and a two-hundred day moving average of $62.47. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 9.60 and a beta of 1.25.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

Hedge funds have recently bought and sold shares of the business. Prudential PLC acquired a new position in iShares MSCI South Korea ETF in the 2nd quarter valued at $81,000. Boltwood Capital Management raised its position in iShares MSCI South Korea ETF by 12.7% during the third quarter. Boltwood Capital Management now owns 5,775 shares of the exchange traded fund’s stock valued at $369,000 after purchasing an additional 650 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in iShares MSCI South Korea ETF by 0.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 230,036 shares of the exchange traded fund’s stock valued at $15,203,000 after purchasing an additional 715 shares in the last quarter. Blue Trust Inc. lifted its stake in iShares MSCI South Korea ETF by 37.9% during the third quarter. Blue Trust Inc. now owns 5,981 shares of the exchange traded fund’s stock worth $395,000 after purchasing an additional 1,645 shares during the last quarter. Finally, Patten Group Inc. boosted its holdings in shares of 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 purchasing an additional 382 shares in 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.