iShares MSCI South Korea ETF (NYSEARCA:EWY) Hits New 52-Week Low – Should You Sell?

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $51.89 and last traded at $51.89, with a volume of 3677 shares changing hands. The stock had previously closed at $52.71.

iShares MSCI South Korea ETF Price Performance

The stock has a market cap of $4.11 billion, a PE ratio of 9.60 and a beta of 1.25. The firm has a 50 day moving average of $57.54 and a two-hundred day moving average of $62.15.

Institutional Investors Weigh In On iShares MSCI South Korea ETF

A number of institutional investors and hedge funds have recently made changes to their positions in EWY. Headlands Technologies LLC purchased a new stake in shares of iShares MSCI South Korea ETF in the second quarter valued at about $29,000. Hara Capital LLC purchased a new stake in iShares MSCI South Korea ETF in the 3rd quarter valued at approximately $34,000. Farther Finance Advisors LLC increased its position in iShares MSCI South Korea ETF by 1,964.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 578 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 550 shares during the period. International Assets Investment Management LLC purchased a new position in shares of iShares MSCI South Korea ETF during the 2nd quarter worth approximately $49,000. Finally, Prudential PLC acquired a new stake in shares of iShares MSCI South Korea ETF in the 2nd quarter valued at approximately $81,000.

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.