iShares MSCI South Korea ETF $EWY Stock: Manchester Capital Management LLC Cuts Holdings

Manchester Capital Management LLC cut its position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 94.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 900 shares of the exchange traded fund’s stock after selling 16,657 shares during the quarter. Manchester Capital Management LLC’s holdings in iShares MSCI South Korea ETF were worth $165,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GK Wealth Management LLC acquired a new stake in shares of iShares MSCI South Korea ETF in the third quarter worth $25,000. Harbor Investment Advisory LLC purchased a new position in shares of iShares MSCI South Korea ETF during the second quarter valued at $35,000. Allied Private Wealth LLC purchased a new position in shares of iShares MSCI South Korea ETF during the second quarter valued at $38,000. Prestige Wealth Management Group LLC acquired a new position in iShares MSCI South Korea ETF during the first quarter valued at $25,000. Finally, Archer Investment Corp acquired a new position in iShares MSCI South Korea ETF during the first quarter valued at $25,000. 49.22% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Trading Up 1.5%

NYSEARCA:EWY opened at $151.26 on Friday. The business’s fifty day moving average price is $177.48 and its 200 day moving average price is $176.70. The firm has a market capitalization of $22.07 billion, a price-to-earnings ratio of 10.35 and a beta of 1.51. iShares MSCI South Korea ETF has a 1-year low of $86.90 and a 1-year high of $220.89.

iShares MSCI South Korea ETF 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.