Payne Capital LLC Makes New $1.51 Million Investment in iShares MSCI South Korea ETF $EWY

Payne Capital LLC bought a new position in iShares MSCI South Korea ETF (NYSEARCA:EWY) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 12,248 shares of the exchange traded fund’s stock, valued at approximately $1,507,000. iShares MSCI South Korea ETF comprises about 1.4% of Payne Capital LLC’s holdings, making the stock its 24th largest position.

Several other hedge funds have also recently made changes to their positions in EWY. Goldman Sachs Group Inc. grew its position in iShares MSCI South Korea ETF by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 239,956 shares of the exchange traded fund’s stock worth $12,967,000 after acquiring an additional 52,259 shares in the last quarter. Creative Planning raised its position in iShares MSCI South Korea ETF by 3.6% during the second quarter. Creative Planning now owns 5,021 shares of the exchange traded fund’s stock valued at $360,000 after purchasing an additional 176 shares during the period. M&T Bank Corp bought a new stake in shares of iShares MSCI South Korea ETF in the 2nd quarter valued at approximately $203,000. Invesco Ltd. boosted its holdings in shares of iShares MSCI South Korea ETF by 424.3% in the 2nd quarter. Invesco Ltd. now owns 94,461 shares of the exchange traded fund’s stock worth $6,780,000 after purchasing an additional 76,444 shares during the period. Finally, Cresset Asset Management LLC increased its position in shares of iShares MSCI South Korea ETF by 7.0% during the 2nd quarter. Cresset Asset Management LLC now owns 8,661 shares of the exchange traded fund’s stock valued at $622,000 after purchasing an additional 565 shares during the last quarter. 49.22% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Stock Performance

NYSEARCA:EWY opened at $205.00 on Friday. The firm has a market capitalization of $27.28 billion, a PE ratio of 10.35 and a beta of 1.45. The stock’s fifty day moving average is $184.28 and its 200 day moving average is $142.35. iShares MSCI South Korea ETF has a fifty-two week low of $69.85 and a fifty-two week high of $220.89.

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.