Diversify Wealth Management LLC Purchases Shares of 74,110 iShares MSCI South Korea ETF $EWY

Diversify Wealth Management LLC acquired a new position in iShares MSCI South Korea ETF (NYSEARCA:EWY) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 74,110 shares of the exchange traded fund’s stock, valued at approximately $9,116,000. Diversify Wealth Management LLC owned 0.06% of iShares MSCI South Korea ETF as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EWY. Morgan Stanley lifted its holdings in iShares MSCI South Korea ETF by 31.5% during the fourth quarter. Morgan Stanley now owns 3,405,205 shares of the exchange traded fund’s stock valued at $331,054,000 after purchasing an additional 814,877 shares in the last quarter. Bridgewater Associates LP lifted its position in shares of iShares MSCI South Korea ETF by 1.8% in the fourth quarter. Bridgewater Associates LP now owns 2,072,358 shares of the exchange traded fund’s stock valued at $201,475,000 after acquiring an additional 37,242 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of iShares MSCI South Korea ETF by 1,764.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock worth $184,457,000 after acquiring an additional 1,795,557 shares during the period. Temasek Holdings Private Ltd raised its stake in iShares MSCI South Korea ETF by 116.6% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,594,998 shares of the exchange traded fund’s stock valued at $155,066,000 after purchasing an additional 858,598 shares during the period. Finally, Rafferty Asset Management LLC boosted its stake in iShares MSCI South Korea ETF by 44.0% in the 4th quarter. Rafferty Asset Management LLC now owns 1,224,622 shares of the exchange traded fund’s stock worth $119,058,000 after purchasing an additional 373,916 shares during the period. 49.22% of the stock is currently owned by institutional investors.

iShares MSCI South Korea ETF Trading Down 0.7%

Shares of NYSEARCA:EWY traded down $1.23 during midday trading on Friday, reaching $183.52. 20,021,750 shares of the company were exchanged, compared to its average volume of 19,744,248. The stock has a market cap of $21.77 billion, a PE ratio of 10.35 and a beta of 1.46. The business’s fifty day moving average is $192.22 and its two-hundred day moving average is $149.31. iShares MSCI South Korea ETF has a one year low of $70.36 and a one year high of $220.89.

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.