Trek Financial LLC Cuts Position in iShares MSCI South Korea ETF $EWY

Trek Financial LLC trimmed its position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 83.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,588 shares of the exchange traded fund’s stock after selling 43,770 shares during the quarter. Trek Financial LLC’s holdings in iShares MSCI South Korea ETF were worth $835,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Nvwm LLC acquired a new position in iShares MSCI South Korea ETF in the fourth quarter valued at approximately $29,000. National Bank of Canada FI boosted its holdings in iShares MSCI South Korea ETF by 103.9% in the third quarter. National Bank of Canada FI now owns 579 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 295 shares in the last quarter. Private Trust Co. NA boosted its holdings in iShares MSCI South Korea ETF by 120.5% in the fourth quarter. Private Trust Co. NA now owns 485 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 265 shares in the last quarter. Van Berkom & Associates Inc. acquired a new position in iShares MSCI South Korea ETF in the fourth quarter valued at approximately $50,000. Finally, Daytona Street Capital LLC acquired a new position in iShares MSCI South Korea ETF in the fourth quarter valued at approximately $52,000. 49.22% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Stock Down 7.4%

Shares of EWY opened at $178.50 on Wednesday. The stock has a 50 day moving average price of $141.91 and a 200 day moving average price of $119.04. The company has a market capitalization of $23.75 billion, a price-to-earnings ratio of 10.35 and a beta of 1.38. iShares MSCI South Korea ETF has a 52-week low of $57.45 and a 52-week high of $194.58.

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.