Foundations Investment Advisors LLC bought a new stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 70,774 shares of the exchange traded fund’s stock, valued at approximately $6,881,000.
Several other hedge funds have also modified their holdings of EWY. Goldman Sachs Group Inc. lifted its holdings in shares of iShares MSCI South Korea ETF by 27.8% during the first quarter. Goldman Sachs Group Inc. now owns 239,956 shares of the exchange traded fund’s stock valued at $12,967,000 after purchasing an additional 52,259 shares during the last quarter. Creative Planning lifted its holdings in shares of iShares MSCI South Korea ETF by 3.6% during the second quarter. Creative Planning now owns 5,021 shares of the exchange traded fund’s stock valued at $360,000 after purchasing an additional 176 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of iShares MSCI South Korea ETF during the second quarter valued at $203,000. Invesco Ltd. lifted its holdings in shares of iShares MSCI South Korea ETF by 424.3% during the second quarter. Invesco Ltd. now owns 94,461 shares of the exchange traded fund’s stock valued at $6,780,000 after purchasing an additional 76,444 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in shares of iShares MSCI South Korea ETF by 7.0% during the second quarter. Cresset Asset Management LLC now owns 8,661 shares of the exchange traded fund’s stock valued at $622,000 after purchasing an additional 565 shares during the last quarter. 49.22% of the stock is owned by hedge funds and other institutional investors.
iShares MSCI South Korea ETF Stock Up 4.1%
Shares of NYSEARCA EWY opened at $206.41 on Friday. iShares MSCI South Korea ETF has a 12 month low of $60.27 and a 12 month high of $208.25. The company has a market cap of $27.46 billion, a price-to-earnings ratio of 10.35 and a beta of 1.38. The business has a fifty day simple moving average of $155.21 and a 200-day simple moving average of $126.83.
iShares MSCI South Korea ETF 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.
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