iShares MSCI South Korea ETF $EWY Stock: Trek Financial LLC Lowers Stake

Trek Financial LLC reduced its stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 91.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,213 shares of the exchange traded fund’s stock after selling 91,301 shares during the quarter. Trek Financial LLC’s holdings in iShares MSCI South Korea ETF were worth $1,501,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EWY. Boltwood Capital Management bought a new position in iShares MSCI South Korea ETF during the 3rd quarter worth approximately $908,000. Waverly Advisors LLC lifted its position in shares of iShares MSCI South Korea ETF by 386.7% in the 2nd quarter. Waverly Advisors LLC now owns 10,362 shares of the exchange traded fund’s stock worth $2,092,000 after purchasing an additional 8,233 shares during the period. Tikvah Management LLC bought a new stake in shares of iShares MSCI South Korea ETF in the 2nd quarter valued at $1,363,000. 1607 Capital Partners LLC bought a new stake in shares of iShares MSCI South Korea ETF in the 2nd quarter valued at $1,060,000. Finally, Cullen Capital Management LLC bought a new stake in shares of iShares MSCI South Korea ETF in the 2nd quarter valued at $40,723,000. 49.22% of the stock is owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Stock Down 0.8%

EWY opened at $151.62 on Tuesday. iShares MSCI South Korea ETF has a twelve month low of $86.90 and a twelve month high of $220.89. The company has a fifty day moving average of $174.83 and a 200-day moving average of $162.34. The stock has a market cap of $22.22 billion, a PE ratio of 10.35 and a beta of 1.51.

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. 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.