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

iShares MSCI South Korea ETF (NYSEARCA:EWY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $58.14, but opened at $56.59. iShares MSCI South Korea ETF shares last traded at $56.70, with a volume of 190,006 shares changing hands.

iShares MSCI South Korea ETF Stock Down 1.2 %

The company has a fifty day moving average price of $60.92 and a 200-day moving average price of $63.42. The stock has a market capitalization of $4.56 billion, a P/E ratio of 9.60 and a beta of 1.25.

Institutional Trading of iShares MSCI South Korea ETF

A number of large investors have recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the 2nd quarter valued at $29,000. Hara Capital LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the 3rd quarter valued at $34,000. Farther Finance Advisors LLC lifted its holdings in shares of 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 valued at $37,000 after purchasing an additional 550 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of iShares MSCI South Korea ETF in the 2nd quarter valued at $49,000. Finally, Prudential PLC acquired a new position in shares of iShares MSCI South Korea ETF in the 2nd quarter valued at $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.