Waterfront Wealth Inc. Sells 3,154 Shares of iShares MSCI South Korea ETF $EWY

Waterfront Wealth Inc. cut its stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 37.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,282 shares of the exchange traded fund’s stock after selling 3,154 shares during the quarter. Waterfront Wealth Inc.’s holdings in iShares MSCI South Korea ETF were worth $650,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EWY. Morgan Stanley raised its position in shares of iShares MSCI South Korea ETF by 31.5% during the fourth quarter. Morgan Stanley now owns 3,405,205 shares of the exchange traded fund’s stock worth $331,054,000 after acquiring an additional 814,877 shares during the last quarter. Bridgewater Associates LP increased its position in iShares MSCI South Korea ETF by 1.8% during the 4th quarter. Bridgewater Associates LP now owns 2,072,358 shares of the exchange traded fund’s stock valued at $201,475,000 after purchasing an additional 37,242 shares during the period. Hsbc Holdings PLC increased its position in iShares MSCI South Korea ETF by 1,764.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock valued at $184,457,000 after purchasing an additional 1,795,557 shares during the period. Temasek Holdings Private Ltd raised its holdings in iShares MSCI South Korea ETF by 116.6% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,594,998 shares of the exchange traded fund’s stock worth $155,066,000 after purchasing an additional 858,598 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in iShares MSCI South Korea ETF by 44.0% during the 4th quarter. Rafferty Asset Management LLC now owns 1,224,622 shares of the exchange traded fund’s stock worth $119,058,000 after purchasing an additional 373,916 shares during the last quarter. Institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Performance

Shares of NYSEARCA EWY traded down $1.23 during midday trading on Friday, reaching $183.52. The stock had a trading volume of 20,021,750 shares, compared to its average volume of 19,744,248. The company’s 50 day moving average price is $192.22 and its 200 day moving average price is $149.31. iShares MSCI South Korea ETF has a twelve month low of $70.36 and a twelve month high of $220.89. The firm has a market cap of $22.01 billion, a price-to-earnings ratio of 10.35 and a beta of 1.46.

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.