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

Causeway Capital Management LLC purchased a new stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 221,895 shares of the exchange traded fund’s stock, valued at approximately $17,774,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in iShares MSCI South Korea ETF by 50.5% in the 3rd quarter. CWM LLC now owns 897 shares of the exchange traded fund’s stock valued at $72,000 after buying an additional 301 shares in the last quarter. FLP Wealth Management LLC acquired a new position in shares of iShares MSCI South Korea ETF during the 3rd quarter valued at about $103,000. Farther Finance Advisors LLC grew its holdings in shares of iShares MSCI South Korea ETF by 200.0% in the third quarter. Farther Finance Advisors LLC now owns 1,650 shares of the exchange traded fund’s stock valued at $132,000 after purchasing an additional 1,100 shares during the period. Friedenthal Financial purchased a new position in iShares MSCI South Korea ETF during the third quarter worth about $149,000. Finally, Blue Trust Inc. raised its stake in iShares MSCI South Korea ETF by 16.6% during the third quarter. Blue Trust Inc. now owns 1,985 shares of the exchange traded fund’s stock worth $159,000 after purchasing an additional 283 shares during the period. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Price Performance

iShares MSCI South Korea ETF stock opened at $133.89 on Tuesday. The firm has a 50 day simple moving average of $122.62 and a 200-day simple moving average of $99.41. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22. iShares MSCI South Korea ETF has a 1-year low of $48.49 and a 1-year high of $154.22.

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.