Cullen Capital Management LLC Makes New Investment in iShares MSCI South Korea ETF $EWY

Cullen Capital Management LLC acquired a new stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 201,699 shares of the exchange traded fund’s stock, valued at approximately $40,723,000.

Several other large investors have also modified their holdings of EWY. Harbor Investment Advisory LLC acquired a new stake in shares of iShares MSCI South Korea ETF in the second quarter worth approximately $35,000. Allied Private Wealth LLC acquired a new position in iShares MSCI South Korea ETF during the second quarter worth approximately $38,000. Prestige Wealth Management Group LLC acquired a new position in iShares MSCI South Korea ETF during the first quarter worth approximately $25,000. Viewpoint Capital Management LLC raised its stake in iShares MSCI South Korea ETF by 20,000.0% during the first quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 200 shares during the period. Finally, Archer Investment Corp purchased a new position in iShares MSCI South Korea ETF during the first quarter worth approximately $25,000. 49.22% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Stock Down 2.6%

Shares of EWY opened at $173.64 on Tuesday. The firm has a market cap of $25.21 billion, a PE ratio of 10.35 and a beta of 1.49. The company’s fifty day moving average is $178.86 and its two-hundred day moving average is $162.59. iShares MSCI South Korea ETF has a fifty-two week low of $71.39 and a fifty-two week high of $220.89.

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.