iShares MSCI South Korea ETF (NYSEARCA:EWY) Shares Gap Down – Should You Sell?

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $219.02, but opened at $193.60. iShares MSCI South Korea ETF shares last traded at $198.32, with a volume of 6,818,713 shares changing hands.

iShares MSCI South Korea ETF Price Performance

The company has a 50-day moving average price of $180.93 and a 200 day moving average price of $140.13. The firm has a market capitalization of $26.24 billion, a PE ratio of 10.35 and a beta of 1.45.

Institutional Trading of iShares MSCI South Korea ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in iShares MSCI South Korea ETF by 102.5% in the 1st quarter. Bank of America Corp DE now owns 10,928,797 shares of the exchange traded fund’s stock worth $1,344,351,000 after purchasing an additional 5,532,980 shares in the last quarter. Morgan Stanley grew its holdings in iShares MSCI South Korea ETF by 31.5% during the 4th quarter. Morgan Stanley now owns 3,405,205 shares of the exchange traded fund’s stock valued at $331,054,000 after buying an additional 814,877 shares in the last quarter. Bridgewater Associates LP grew its holdings in iShares MSCI South Korea ETF by 1.8% during the 4th quarter. Bridgewater Associates LP now owns 2,072,358 shares of the exchange traded fund’s stock valued at $201,475,000 after buying an additional 37,242 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of iShares MSCI South Korea ETF by 1,764.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock valued at $184,457,000 after buying an additional 1,795,557 shares during the last quarter. Finally, Bank of Nova Scotia raised its position in shares of iShares MSCI South Korea ETF by 135.8% during the first quarter. Bank of Nova Scotia now owns 1,823,820 shares of the exchange traded fund’s stock valued at $224,348,000 after buying an additional 1,050,220 shares during the last quarter. Institutional investors own 49.22% of the company’s stock.

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. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.