Belvedere Trading LLC Purchases New Stake in iShares MSCI South Korea ETF $EWY

Belvedere Trading LLC purchased a new stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,671 shares of the exchange traded fund’s stock, valued at approximately $843,000.

Several other institutional investors have also recently added to or reduced their stakes in EWY. Yacktman Asset Management LP acquired a new stake in iShares MSCI South Korea ETF in the fourth quarter valued at $111,279,000. TD Asset Management Inc raised its holdings in shares of iShares MSCI South Korea ETF by 85.5% during the third quarter. TD Asset Management Inc now owns 1,536,532 shares of the exchange traded fund’s stock worth $123,076,000 after purchasing an additional 708,000 shares during the period. Horizon Investments LLC raised its holdings in shares of iShares MSCI South Korea ETF by 4,270,966.7% during the fourth quarter. Horizon Investments LLC now owns 384,396 shares of the exchange traded fund’s stock worth $37,371,000 after purchasing an additional 384,387 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of iShares MSCI South Korea ETF by 36,038.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 385,237 shares of the exchange traded fund’s stock worth $37,453,000 after purchasing an additional 384,171 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of iShares MSCI South Korea ETF by 79.7% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 823,077 shares of the exchange traded fund’s stock worth $65,848,000 after purchasing an additional 365,091 shares during the period. 49.22% of the stock is owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Stock Performance

Shares of NYSEARCA:EWY opened at $205.83 on Friday. The stock has a market capitalization of $27.39 billion, a price-to-earnings ratio of 10.35 and a beta of 1.38. iShares MSCI South Korea ETF has a 1-year low of $60.27 and a 1-year high of $208.25. The company’s fifty day moving average is $156.69 and its two-hundred day moving average is $127.38.

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.