CI Investments Inc. Invests $3.33 Million in iShares MSCI South Korea ETF $EWY

CI Investments Inc. purchased a new stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,100 shares of the exchange traded fund’s stock, valued at approximately $3,334,000.

Several other institutional investors have also added to or reduced their stakes in EWY. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of iShares MSCI South Korea ETF during the 1st quarter worth approximately $1,230,000. PNC Financial Services Group Inc. boosted its position in shares of iShares MSCI South Korea ETF by 141.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,284 shares of the exchange traded fund’s stock valued at $1,142,000 after acquiring an additional 5,440 shares during the last quarter. Florida Financial Advisors LLC purchased a new position in shares of iShares MSCI South Korea ETF in the first quarter valued at $201,000. WCM Investment Management LLC purchased a new position in shares of iShares MSCI South Korea ETF in the first quarter valued at $3,044,000. Finally, Balefire LLC increased its position in iShares MSCI South Korea ETF by 3.9% in the first quarter. Balefire LLC now owns 8,964 shares of the exchange traded fund’s stock worth $1,103,000 after purchasing an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Up 2.0%

iShares MSCI South Korea ETF stock opened at $173.86 on Friday. iShares MSCI South Korea ETF has a 52-week low of $70.36 and a 52-week high of $220.89. The firm’s fifty day moving average is $190.00 and its 200 day moving average is $154.29. The company has a market cap of $23.72 billion, a price-to-earnings ratio of 10.35 and a beta of 1.46.

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.