Tower View Wealth Management LLC Purchases 12,758 Shares of iShares MSCI South Korea ETF $EWY

Tower View Wealth Management LLC raised its position in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 84.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 27,848 shares of the exchange traded fund’s stock after acquiring an additional 12,758 shares during the period. iShares MSCI South Korea ETF makes up about 1.8% of Tower View Wealth Management LLC’s holdings, making the stock its 21st largest position. Tower View Wealth Management LLC’s holdings in iShares MSCI South Korea ETF were worth $3,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in iShares MSCI South Korea ETF in the 4th quarter valued at $2,231,000. Diversify Advisory Services LLC acquired a new position in iShares MSCI South Korea ETF during the third quarter worth $689,000. Choreo LLC acquired a new position in iShares MSCI South Korea ETF during the third quarter worth $376,000. Ehrenkranz Partners L.P. bought a new position in shares of iShares MSCI South Korea ETF in the third quarter valued at $12,744,000. Finally, Group One Trading LLC lifted its stake in shares of iShares MSCI South Korea ETF by 20.4% in the third quarter. Group One Trading LLC now owns 66,107 shares of the exchange traded fund’s stock valued at $5,295,000 after buying an additional 11,195 shares in the last quarter. Institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Price Performance

Shares of NYSEARCA EWY opened at $205.00 on Friday. The company has a 50-day moving average price of $184.28 and a 200-day moving average price of $142.35. The stock has a market capitalization of $27.28 billion, a P/E ratio of 10.35 and a beta of 1.45. iShares MSCI South Korea ETF has a 1 year low of $69.85 and a 1 year high of $220.89.

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.