Westerkirk Capital Inc. Has $11.69 Million Stake in iShares MSCI South Korea ETF $EWY

Westerkirk Capital Inc. raised its holdings in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 308.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,237 shares of the exchange traded fund’s stock after acquiring an additional 90,805 shares during the period. iShares MSCI South Korea ETF comprises about 1.1% of Westerkirk Capital Inc.’s investment portfolio, making the stock its 19th largest holding. Westerkirk Capital Inc. owned about 0.12% of iShares MSCI South Korea ETF worth $11,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. TD Asset Management Inc grew 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 acquiring an additional 708,000 shares during the period. Schroder Investment Management Group grew its stake in iShares MSCI South Korea ETF by 18.0% in the third quarter. Schroder Investment Management Group now owns 1,257,343 shares of the exchange traded fund’s stock valued at $100,889,000 after acquiring an additional 191,723 shares during the period. JPMorgan Chase & Co. boosted 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 buying an additional 141,996 shares during the period. Yacktman Asset Management LP acquired a new position in shares of iShares MSCI South Korea ETF during the fourth quarter worth about $111,279,000. Finally, Rafferty Asset Management LLC boosted 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 buying an additional 97,762 shares during the period. 49.22% of the stock is owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Price Performance

EWY stock opened at $185.64 on Tuesday. The stock has a market capitalization of $24.70 billion, a P/E ratio of 10.35 and a beta of 1.45. The business has a 50-day moving average of $165.45 and a 200-day moving average of $132.14. iShares MSCI South Korea ETF has a fifty-two week low of $65.82 and a fifty-two week high of $217.76.

More iShares MSCI South Korea ETF News

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

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.