DAVENPORT & Co LLC Takes Position in iShares MSCI South Korea ETF $EWY

DAVENPORT & Co LLC bought a new position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) in the 4th quarter, HoldingsChannel.com reports. The firm bought 11,870 shares of the exchange traded fund’s stock, valued at approximately $1,154,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. National Bank of Canada FI increased its stake in iShares MSCI South Korea ETF by 103.9% in the third quarter. National Bank of Canada FI now owns 579 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 295 shares during the last quarter. CWM LLC lifted its position in shares of iShares MSCI South Korea ETF by 50.5% during the 3rd quarter. CWM LLC now owns 897 shares of the exchange traded fund’s stock worth $72,000 after buying an additional 301 shares during the last quarter. FLP Wealth Management LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the 3rd quarter worth approximately $103,000. Basso Capital Management L.P. acquired a new position in shares of iShares MSCI South Korea ETF in the 3rd quarter valued at $105,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of iShares MSCI South Korea ETF in the 3rd quarter valued at $120,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Price Performance

NYSEARCA EWY opened at $120.98 on Monday. The firm’s fifty day moving average price is $129.07 and its 200 day moving average price is $104.88. The company has a market capitalization of $11.90 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22. iShares MSCI South Korea ETF has a 12 month low of $48.49 and a 12 month high of $154.22.

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.