Basso Capital Management L.P. Grows Stock Holdings in iShares MSCI South Korea ETF $EWY

Basso Capital Management L.P. raised its stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 710.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,572 shares of the exchange traded fund’s stock after acquiring an additional 9,267 shares during the period. iShares MSCI South Korea ETF makes up 0.6% of Basso Capital Management L.P.’s investment portfolio, making the stock its 27th biggest holding. Basso Capital Management L.P.’s holdings in iShares MSCI South Korea ETF were worth $1,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the fourth quarter worth approximately $26,000. Nvwm LLC purchased a new position in iShares MSCI South Korea ETF in the 4th quarter valued at $29,000. Intesa Sanpaolo Wealth Management purchased a new position in iShares MSCI South Korea ETF in the 4th quarter valued at $31,000. Berbice Capital Management LLC acquired a new position in iShares MSCI South Korea ETF in the 4th quarter valued at $34,000. Finally, Strategic Advocates LLC purchased a new position in iShares MSCI South Korea ETF during the 4th quarter worth $38,000. 49.22% of the stock is owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Stock Performance

EWY stock opened at $205.08 on Thursday. The stock has a market capitalization of $27.29 billion, a PE ratio of 10.35 and a beta of 1.45. The company has a fifty day moving average of $175.91 and a 200-day moving average of $137.42. iShares MSCI South Korea ETF has a one year low of $67.61 and a one year high of $217.76.

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.