Y Intercept Hong Kong Ltd Takes $678,000 Position in iShares MSCI South Korea ETF $EWY

Y Intercept Hong Kong Ltd bought a new position in iShares MSCI South Korea ETF (NYSEARCA:EWY) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,512 shares of the exchange traded fund’s stock, valued at approximately $678,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of iShares MSCI South Korea ETF in the fourth quarter worth approximately $2,231,000. CIBC Bancorp USA Inc. purchased a new position in iShares MSCI South Korea ETF during the third quarter valued at approximately $8,432,000. Main Street Research LLC purchased a new position in iShares MSCI South Korea ETF during the fourth quarter valued at approximately $34,558,000. Wealth Enhancement Advisory Services LLC increased its stake in iShares MSCI South Korea ETF by 183.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,251 shares of the exchange traded fund’s stock valued at $780,000 after buying an additional 4,695 shares during the period. Finally, MRA Advisory Group increased its stake in iShares MSCI South Korea ETF by 1,746.7% in the 1st quarter. MRA Advisory Group now owns 54,718 shares of the exchange traded fund’s stock valued at $6,731,000 after buying an additional 51,755 shares during the period. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Down 8.4%

EWY stock opened at $168.02 on Tuesday. iShares MSCI South Korea ETF has a 12-month low of $70.36 and a 12-month high of $220.89. The company has a market cap of $19.93 billion, a price-to-earnings ratio of 10.35 and a beta of 1.46. The company has a 50 day moving average of $192.37 and a two-hundred day moving average of $150.24.

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.