BNP Paribas Financial Markets Sells 92,271 Shares of iShares MSCI South Korea ETF $EWY

BNP Paribas Financial Markets reduced its stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 49.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,079 shares of the exchange traded fund’s stock after selling 92,271 shares during the period. BNP Paribas Financial Markets owned 0.09% of iShares MSCI South Korea ETF worth $9,049,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. TD Asset Management Inc increased its stake in iShares MSCI South Korea ETF by 85.5% in the third quarter. TD Asset Management Inc now owns 1,536,532 shares of the exchange traded fund’s stock valued at $123,076,000 after purchasing an additional 708,000 shares in the last quarter. Schroder Investment Management Group increased its position 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 acquiring an additional 191,723 shares in the last quarter. JPMorgan Chase & Co. increased its position 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 acquiring an additional 141,996 shares in the last quarter. Yacktman Asset Management LP bought a new stake in shares of iShares MSCI South Korea ETF during the fourth quarter worth about $111,279,000. Finally, Rafferty Asset Management LLC increased its position in shares of iShares MSCI South Korea ETF by 11.0% during the second quarter. Rafferty Asset Management LLC now owns 985,291 shares of the exchange traded fund’s stock worth $70,724,000 after acquiring an additional 97,762 shares in the last quarter. 49.22% of the stock is owned by institutional investors.

iShares MSCI South Korea ETF Price Performance

NYSEARCA:EWY opened at $185.64 on Tuesday. The firm has a 50-day moving average of $165.45 and a 200-day moving average of $132.14. The company has a market cap of $24.70 billion, a PE ratio of 10.35 and a beta of 1.45. iShares MSCI South Korea ETF has a one year low of $65.82 and a one year high of $217.76.

Key Headlines Impacting iShares MSCI South Korea ETF

Here are the key news stories impacting iShares MSCI South Korea ETF this week:

• Positive Sentiment: Some market watchers still see long-term upside in South Korea despite the pullback, with Goldman Sachs maintaining a bullish outlook on the KOSPI even after the latest plunge. KOSPI plunges 8%: why Goldman Sachs still sees 12,000
• Neutral Sentiment: South Korean authorities urged banks to tighten controls against speculative market-disrupting behavior as the won slumped, reflecting stress in local markets but not a direct change to ETF fundamentals. Korean Authorities Urge Banks to Step Up Controls as Won Slumps
• Neutral Sentiment: Reports noted that Korean “ant” investors are being tested as margin debt rises, suggesting elevated risk-taking and possible forced selling in local stocks. Chip rout puts Korea’s ‘ant’ investors to the test as margin debt soars
• Neutral Sentiment: The latest AI-chip partnership between NVIDIA and SK hynix could support sentiment over time, but it has not been enough to offset the broader market slump. Can Jensen’s SK Hijinx Save Seoul’s Crashing Stock Market?
• Negative Sentiment: EWY was hit by one of its worst sessions in years as South Korean chip stocks sold off hard, dragging the ETF lower by roughly 14% in a single session. The iShares Korea ETF (EWY) Dropped 14% in Its Most Brutal Session in Six Years, and It Started With Broadcom
• Negative Sentiment: South Korea’s KOSPI briefly triggered a circuit breaker and fell sharply in early trading, signaling continued volatility and possible further downside for EWY. How a few AI chip giants warped Asia’s stock picking game

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.