Integrated Wealth Concepts LLC Reduces Stock Holdings in iShares MSCI South Korea ETF $EWY

Integrated Wealth Concepts LLC reduced its position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 53.1% in the second quarter, HoldingsChannel reports. The firm owned 8,903 shares of the exchange traded fund’s stock after selling 10,073 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in iShares MSCI South Korea ETF were worth $1,798,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of iShares MSCI South Korea ETF by 102.5% in the 1st quarter. Bank of America Corp DE now owns 10,928,797 shares of the exchange traded fund’s stock worth $1,344,351,000 after purchasing an additional 5,532,980 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of iShares MSCI South Korea ETF by 1,764.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock worth $184,457,000 after buying an additional 1,795,557 shares during the last quarter. Bank of Nova Scotia grew its position in iShares MSCI South Korea ETF by 135.8% during the first quarter. Bank of Nova Scotia now owns 1,823,820 shares of the exchange traded fund’s stock valued at $224,348,000 after buying an additional 1,050,220 shares during the period. Temasek Holdings Private Ltd grew its position in iShares MSCI South Korea ETF by 116.6% during the fourth quarter. Temasek Holdings Private Ltd now owns 1,594,998 shares of the exchange traded fund’s stock valued at $155,066,000 after buying an additional 858,598 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in iShares MSCI South Korea ETF during the fourth quarter valued at approximately $51,527,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Trading Up 0.2%

EWY opened at $176.49 on Wednesday. The firm’s 50 day simple moving average is $173.74 and its two-hundred day simple moving average is $168.24. The company has a market capitalization of $25.63 billion, a PE ratio of 10.35 and a beta of 1.51. iShares MSCI South Korea ETF has a 1-year low of $78.27 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.