Gemsstock Ltd. Makes New $48.08 Million Investment in iShares MSCI South Korea ETF $EWY

Gemsstock Ltd. bought a new position in iShares MSCI South Korea ETF (NYSEARCA:EWY) in the fourth quarter, Holdings Channel reports. The firm bought 494,500 shares of the exchange traded fund’s stock, valued at approximately $48,075,000. iShares MSCI South Korea ETF makes up about 6.9% of Gemsstock Ltd.’s investment portfolio, making the stock its 5th largest position.

Other large investors have also bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in iShares MSCI South Korea ETF in the fourth quarter worth $26,000. Nvwm LLC purchased a new stake in iShares MSCI South Korea ETF in the fourth quarter worth $29,000. Intesa Sanpaolo Wealth Management purchased a new stake in iShares MSCI South Korea ETF in the fourth quarter worth $31,000. Berbice Capital Management LLC purchased a new stake in iShares MSCI South Korea ETF in the fourth quarter worth $34,000. Finally, Strategic Advocates LLC purchased a new stake in iShares MSCI South Korea ETF in the fourth quarter worth $38,000. 49.22% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Stock Performance

Shares of NYSEARCA EWY opened at $197.45 on Friday. The stock has a market cap of $26.27 billion, a PE ratio of 10.35 and a beta of 1.45. iShares MSCI South Korea ETF has a fifty-two week low of $66.11 and a fifty-two week high of $217.76. The stock has a fifty day moving average of $170.90 and a 200-day moving average of $134.65.

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.