Bank of Nova Scotia Boosts Stake in iShares MSCI South Korea ETF $EWY

Bank of Nova Scotia boosted its stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 135.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,823,820 shares of the exchange traded fund’s stock after purchasing an additional 1,050,220 shares during the period. Bank of Nova Scotia’s holdings in iShares MSCI South Korea ETF were worth $224,348,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Group One Trading LLC purchased a new position in shares of iShares MSCI South Korea ETF during the first quarter worth $30,984,000. Lido Advisors LLC raised its holdings in shares of iShares MSCI South Korea ETF by 106.1% in the 1st quarter. Lido Advisors LLC now owns 103,359 shares of the exchange traded fund’s stock valued at $12,714,000 after buying an additional 53,203 shares during the period. Prestige Wealth Management Group LLC acquired a new position in iShares MSCI South Korea ETF during the 1st quarter worth about $25,000. Levin Capital Strategies L.P. acquired a new position in iShares MSCI South Korea ETF during the 1st quarter worth about $559,000. Finally, Sachem Hill LLC acquired a new position in iShares MSCI South Korea ETF during the 1st quarter worth about $213,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Price Performance

Shares of iShares MSCI South Korea ETF stock opened at $173.86 on Friday. The stock has a market capitalization of $23.72 billion, a price-to-earnings ratio of 10.35 and a beta of 1.46. The business has a 50-day moving average of $190.00 and a 200 day moving average of $154.29. iShares MSCI South Korea ETF has a 12 month low of $70.36 and a 12 month 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.