Arizona PSPRS Trust Makes New $2.29 Million Investment in iShares MSCI South Korea ETF $EWY

Arizona PSPRS Trust purchased a new stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) during the fourth quarter, Holdings Channel reports. The fund purchased 23,500 shares of the exchange traded fund’s stock, valued at approximately $2,285,000. iShares MSCI South Korea ETF accounts for approximately 0.1% of Arizona PSPRS Trust’s investment portfolio, making the stock its 8th largest holding.

A number of other hedge funds have also recently made changes to their positions in EWY. TD Asset Management Inc increased its position in iShares MSCI South Korea ETF by 85.5% in the 3rd quarter. TD Asset Management Inc now owns 1,536,532 shares of the exchange traded fund’s stock valued at $123,076,000 after acquiring an additional 708,000 shares during the period. Schroder Investment Management Group lifted its holdings in shares of iShares MSCI South Korea ETF by 18.0% during the third quarter. Schroder Investment Management Group now owns 1,257,343 shares of the exchange traded fund’s stock worth $100,889,000 after purchasing an additional 191,723 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI South Korea ETF by 13.3% during the third quarter. JPMorgan Chase & Co. now owns 1,208,253 shares of the exchange traded fund’s stock worth $96,781,000 after purchasing an additional 141,996 shares during the period. Yacktman Asset Management LP bought a new stake in shares of iShares MSCI South Korea ETF in the fourth quarter worth $111,279,000. Finally, Rafferty Asset Management LLC grew its stake in shares of iShares MSCI South Korea ETF by 11.0% in the second quarter. Rafferty Asset Management LLC now owns 985,291 shares of the exchange traded fund’s stock worth $70,724,000 after purchasing an additional 97,762 shares during the last quarter. 49.22% of the stock is owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Price Performance

Shares of EWY opened at $175.19 on Monday. iShares MSCI South Korea ETF has a 1 year low of $65.28 and a 1 year high of $217.76. The company has a market capitalization of $23.31 billion, a price-to-earnings ratio of 10.35 and a beta of 1.45. The business has a 50-day moving average of $164.14 and a 200-day moving average of $131.48.

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.