Pilgrim Partners Asia Pte Ltd Purchases 8,000 Shares of iShares MSCI South Korea ETF $EWY

Pilgrim Partners Asia Pte Ltd purchased a new stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,000 shares of the exchange traded fund’s stock, valued at approximately $1,462,000. iShares MSCI South Korea ETF comprises approximately 0.3% of Pilgrim Partners Asia Pte Ltd’s portfolio, making the stock its 27th biggest position.

Other hedge funds have also modified their holdings of the company. GK Wealth Management LLC purchased a new stake in iShares MSCI South Korea ETF in the 3rd quarter worth about $25,000. Harbor Investment Advisory LLC acquired a new stake in shares of iShares MSCI South Korea ETF in the second quarter worth about $35,000. Allied Private Wealth LLC bought a new stake in shares of iShares MSCI South Korea ETF during the 2nd quarter worth about $38,000. Prestige Wealth Management Group LLC bought a new stake in shares of iShares MSCI South Korea ETF during the 1st quarter worth about $25,000. Finally, Archer Investment Corp acquired a new position in shares of iShares MSCI South Korea ETF during the 1st quarter valued at about $25,000. 49.22% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Stock Down 5.5%

Shares of EWY stock opened at $152.89 on Friday. iShares MSCI South Korea ETF has a 12 month low of $86.90 and a 12 month high of $220.89. The company has a market cap of $22.41 billion, a PE ratio of 10.35 and a beta of 1.51. The business’s 50 day moving average is $175.36 and its two-hundred day moving average is $162.12.

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.