Horizon Investments LLC Buys 384,387 Shares of iShares MSCI South Korea ETF $EWY

Horizon Investments LLC grew its stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 4,270,966.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,396 shares of the exchange traded fund’s stock after acquiring an additional 384,387 shares during the period. Horizon Investments LLC owned 0.40% of iShares MSCI South Korea ETF worth $37,371,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of iShares MSCI South Korea ETF in the fourth quarter worth about $2,231,000. B. Riley Wealth Advisors Inc. bought a new position in shares of iShares MSCI South Korea ETF in the third quarter worth about $394,000. ABC Arbitrage SA bought a new position in shares of iShares MSCI South Korea ETF in the third quarter worth about $512,000. Diversify Advisory Services LLC bought a new position in shares of iShares MSCI South Korea ETF in the third quarter worth about $689,000. Finally, Choreo LLC bought a new position in shares of iShares MSCI South Korea ETF in the third quarter worth about $376,000. 49.22% of the stock is currently owned by institutional investors.

iShares MSCI South Korea ETF Trading Up 0.8%

NYSEARCA EWY opened at $162.00 on Friday. The company’s 50-day moving average price is $137.56 and its 200-day moving average price is $114.63. The stock has a market cap of $21.55 billion, a PE ratio of 10.35 and a beta of 1.38. iShares MSCI South Korea ETF has a 12 month low of $57.19 and a 12 month high of $164.18.

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.