iShares MSCI South Korea ETF $EWY Shares Purchased by Royal Bank of Canada

Royal Bank of Canada increased its stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 127.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 203,532 shares of the exchange traded fund’s stock after buying an additional 113,958 shares during the quarter. Royal Bank of Canada’s holdings in iShares MSCI South Korea ETF were worth $25,036,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EWY. Goldman Sachs Group Inc. increased its stake in shares of iShares MSCI South Korea ETF by 27.8% in 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 last quarter. Creative Planning boosted its position in shares of iShares MSCI South Korea ETF by 3.6% during the 2nd 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 during the last quarter. M&T Bank Corp purchased a new stake in shares of iShares MSCI South Korea ETF in the second quarter valued at about $203,000. Invesco Ltd. grew its holdings in shares of 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 valued at $6,780,000 after purchasing an additional 76,444 shares during the period. Finally, Cresset Asset Management LLC increased its position in iShares MSCI South Korea ETF by 7.0% during 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 last quarter. Institutional investors and hedge funds own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Price Performance

Shares of EWY stock opened at $171.14 on Wednesday. The firm’s 50-day moving average is $186.19 and its two-hundred day moving average is $157.17. iShares MSCI South Korea ETF has a 12 month low of $70.93 and a 12 month high of $220.89. The company has a market capitalization of $24.85 billion, a PE ratio of 10.35 and a beta of 1.49.

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.