Ehrenkranz Partners L.P. Invests $12.74 Million in iShares MSCI South Korea ETF $EWY

Ehrenkranz Partners L.P. purchased a new position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 159,100 shares of the exchange traded fund’s stock, valued at approximately $12,744,000. iShares MSCI South Korea ETF comprises approximately 11.2% of Ehrenkranz Partners L.P.’s holdings, making the stock its 3rd biggest position. Ehrenkranz Partners L.P. owned about 0.22% of iShares MSCI South Korea ETF at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in iShares MSCI South Korea ETF by 27.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 239,956 shares of the exchange traded fund’s stock worth $12,967,000 after acquiring an additional 52,259 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of iShares MSCI South Korea ETF by 17.8% in the second quarter. PNC Financial Services Group Inc. now owns 4,062 shares of the exchange traded fund’s stock valued at $292,000 after purchasing an additional 615 shares during the period. SG Americas Securities LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the second quarter worth approximately $1,585,000. Creative Planning raised its stake in shares of iShares MSCI South Korea ETF by 3.6% during 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 last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of iShares MSCI South Korea ETF by 457.4% during the second quarter. Cetera Investment Advisers now owns 49,582 shares of the exchange traded fund’s stock worth $3,559,000 after purchasing an additional 40,687 shares during the period. Institutional investors and hedge funds own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Price Performance

NYSEARCA:EWY opened at $124.15 on Friday. The firm’s fifty day moving average price is $124.93 and its 200 day moving average price is $100.76. iShares MSCI South Korea ETF has a 1-year low of $48.49 and a 1-year high of $154.22. The firm has a market cap of $12.21 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22.

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.