Valence8 US LP Trims Position in iShares MSCI South Korea ETF $EWY

Valence8 US LP trimmed its position in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 44.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,557 shares of the exchange traded fund’s stock after selling 37,189 shares during the period. iShares MSCI South Korea ETF accounts for 1.3% of Valence8 US LP’s portfolio, making the stock its 13th biggest position. Valence8 US LP’s holdings in iShares MSCI South Korea ETF were worth $4,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EWY. Goldman Sachs Group Inc. grew its stake in iShares MSCI South Korea ETF by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 239,956 shares of the exchange traded fund’s stock worth $12,967,000 after purchasing an additional 52,259 shares during the period. Creative Planning grew its stake in iShares MSCI South Korea ETF by 3.6% in the second quarter. Creative Planning now owns 5,021 shares of the exchange traded fund’s stock worth $360,000 after purchasing an additional 176 shares during the period. M&T Bank Corp purchased a new stake in iShares MSCI South Korea ETF in the second quarter worth $203,000. Invesco Ltd. grew its stake in iShares MSCI South Korea ETF by 424.3% in the second quarter. Invesco Ltd. now owns 94,461 shares of the exchange traded fund’s stock worth $6,780,000 after purchasing an additional 76,444 shares during the period. Finally, Cresset Asset Management LLC grew its stake in iShares MSCI South Korea ETF by 7.0% in the second quarter. Cresset Asset Management LLC now owns 8,661 shares of the exchange traded fund’s stock worth $622,000 after purchasing an additional 565 shares during the period. 49.22% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Stock Down 1.2%

Shares of EWY stock opened at $198.29 on Thursday. The stock has a market cap of $26.38 billion, a price-to-earnings ratio of 10.35 and a beta of 1.38. The business’s fifty day moving average is $153.77 and its 200 day moving average is $126.02. iShares MSCI South Korea ETF has a twelve month low of $60.27 and a twelve month high of $202.58.

About iShares MSCI South Korea ETF

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.