Union Bancaire Privee UBP SA Sells 10,167 Shares of iShares MSCI South Korea ETF $EWY

Union Bancaire Privee UBP SA reduced its stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 30.8% in the first quarter, HoldingsChannel reports. The firm owned 22,796 shares of the exchange traded fund’s stock after selling 10,167 shares during the period. Union Bancaire Privee UBP SA’s holdings in iShares MSCI South Korea ETF were worth $2,550,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EWY. Goldman Sachs Group Inc. grew its stake 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 buying an additional 52,259 shares during the last quarter. Creative Planning increased its holdings 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 valued at $360,000 after acquiring an additional 176 shares in the last quarter. M&T Bank Corp purchased a new position in shares of iShares MSCI South Korea ETF in the 2nd quarter valued at approximately $203,000. Invesco Ltd. boosted its stake in iShares MSCI South Korea ETF by 424.3% in the 2nd 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 in the last quarter. Finally, Cresset Asset Management LLC boosted its stake in iShares MSCI South Korea ETF by 7.0% in the 2nd 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 in the last quarter. 49.22% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Trading Down 3.8%

NYSEARCA:EWY opened at $197.28 on Friday. iShares MSCI South Korea ETF has a twelve month low of $69.85 and a twelve month high of $220.89. The company has a market cap of $26.25 billion, a PE ratio of 10.35 and a beta of 1.45. The company’s 50 day moving average is $185.33 and its two-hundred day moving average is $142.73.

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.