Valence8 US LP Sells 37,189 Shares of iShares MSCI South Korea ETF $EWY

Valence8 US LP trimmed its stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 44.4% during the 4th quarter, HoldingsChannel reports. The fund owned 46,557 shares of the exchange traded fund’s stock after selling 37,189 shares during the quarter. iShares MSCI South Korea ETF comprises 1.3% of Valence8 US LP’s holdings, making the stock its 13th biggest position. Valence8 US LP’s holdings in iShares MSCI South Korea ETF were worth $4,526,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Nvwm LLC bought a new stake in iShares MSCI South Korea ETF in the fourth quarter worth $29,000. Berbice Capital Management LLC bought a new stake in iShares MSCI South Korea ETF in the fourth quarter worth $34,000. Larson Financial Group LLC boosted its holdings in iShares MSCI South Korea ETF by 281.7% in the fourth quarter. Larson Financial Group LLC now owns 416 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 307 shares in the last quarter. Private Trust Co. NA boosted its holdings in iShares MSCI South Korea ETF by 120.5% in the fourth quarter. Private Trust Co. NA now owns 485 shares of the exchange traded fund’s stock worth $47,000 after acquiring an additional 265 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in iShares MSCI South Korea ETF by 403.0% in the fourth quarter. IFP Advisors Inc now owns 503 shares of the exchange traded fund’s stock worth $49,000 after acquiring an additional 403 shares in the last quarter. 49.22% of the stock is owned by institutional investors.

iShares MSCI South Korea ETF Trading Down 1.2%

iShares MSCI South Korea ETF stock opened at $198.29 on Thursday. The business’s fifty day simple moving average is $153.77 and its two-hundred day simple moving average is $126.02. iShares MSCI South Korea ETF has a 12 month low of $60.27 and a 12 month high of $202.58. The company has a market capitalization of $26.38 billion, a price-to-earnings ratio of 10.35 and a beta of 1.38.

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.