Hsbc Holdings PLC Grows Stake in iShares MSCI South Korea ETF $EWY

Hsbc Holdings PLC lifted its holdings in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 1,764.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,897,337 shares of the exchange traded fund’s stock after acquiring an additional 1,795,557 shares during the period. Hsbc Holdings PLC owned 1.93% of iShares MSCI South Korea ETF worth $184,457,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC increased its stake in iShares MSCI South Korea ETF by 8.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,264 shares of the exchange traded fund’s stock valued at $609,000 after purchasing an additional 507 shares during the last quarter. First Growth Capital LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the 4th quarter worth approximately $242,000. Corient Private Wealth LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the 4th quarter worth approximately $238,000. CacheTech Inc. lifted its position in shares of iShares MSCI South Korea ETF by 2.7% during the 4th quarter. CacheTech Inc. now owns 171,626 shares of the exchange traded fund’s stock worth $16,685,000 after buying an additional 4,576 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of iShares MSCI South Korea ETF in the 4th quarter valued at $930,000. 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 $219.20 on Friday. The firm’s fifty day moving average price is $179.33 and its 200 day moving average price is $138.89. The company has a market capitalization of $29.16 billion, a price-to-earnings ratio of 10.35 and a beta of 1.45. iShares MSCI South Korea ETF has a 12 month low of $67.98 and a 12 month high of $220.89.

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.