Cobblestone Asset Management LLC Makes New Investment in iShares MSCI South Korea ETF $EWY

Cobblestone Asset Management LLC bought a new position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 8,045 shares of the exchange traded fund’s stock, valued at approximately $644,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EWY. Banque Transatlantique SA bought a new position in iShares MSCI South Korea ETF in the 1st quarter valued at $25,000. CWM LLC boosted its holdings in shares of iShares MSCI South Korea ETF by 328.8% in the 2nd quarter. CWM LLC now owns 596 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 457 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in iShares MSCI South Korea ETF during the second quarter valued at about $76,000. FLP Wealth Management LLC bought a new stake in iShares MSCI South Korea ETF in the third quarter worth about $103,000. Finally, Private Wealth Management Group LLC boosted its stake in iShares MSCI South Korea ETF by 83.3% in the second quarter. Private Wealth Management Group LLC now owns 1,320 shares of the exchange traded fund’s stock valued at $95,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Up 3.0%

iShares MSCI South Korea ETF stock opened at $98.72 on Tuesday. The firm has a 50 day moving average price of $93.12 and a 200-day moving average price of $81.59. iShares MSCI South Korea ETF has a twelve month low of $48.49 and a twelve month high of $100.79. The company has a market capitalization of $7.13 billion, a P/E ratio of 10.35 and a beta of 1.22.

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.