Point Nemo Capital LLC raised its stake in iShares MSCI South Korea ETF (NYSEARCA:EWY – Free Report) by 42.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,735 shares of the exchange traded fund’s stock after acquiring an additional 14,037 shares during the quarter. iShares MSCI South Korea ETF makes up approximately 4.0% of Point Nemo Capital LLC’s investment portfolio, making the stock its 3rd largest position. Point Nemo Capital LLC’s holdings in iShares MSCI South Korea ETF were worth $8,542,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of iShares MSCI South Korea ETF by 102.5% during 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 during the period. Bank of Nova Scotia increased its holdings in shares of iShares MSCI South Korea ETF by 135.8% during the 1st quarter. Bank of Nova Scotia now owns 1,823,820 shares of the exchange traded fund’s stock valued at $224,348,000 after purchasing an additional 1,050,220 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of iShares MSCI South Korea ETF by 368.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 303,408 shares of the exchange traded fund’s stock valued at $61,258,000 after purchasing an additional 238,591 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares MSCI South Korea ETF by 217.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 232,371 shares of the exchange traded fund’s stock valued at $46,916,000 after purchasing an additional 159,136 shares in the last quarter. Finally, Yousif Capital Management LLC increased its holdings in shares of iShares MSCI South Korea ETF by 4.2% during the 3rd quarter. Yousif Capital Management LLC now owns 245,991 shares of the exchange traded fund’s stock valued at $44,962,000 after purchasing an additional 9,832 shares in the last quarter. Hedge funds and other institutional investors own 49.22% of the company’s stock.
iShares MSCI South Korea ETF Price Performance
EWY opened at $137.01 on Friday. The firm has a fifty day moving average price of $172.04 and a 200 day moving average price of $163.00. iShares MSCI South Korea ETF has a 1 year low of $86.90 and a 1 year high of $220.89. The stock has a market cap of $20.08 billion, a P/E ratio of 10.35 and a beta of 1.60.
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.
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