iShares MSCI South Korea ETF $EWY Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 92.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 138,633 shares of the exchange traded fund’s stock after selling 1,758,704 shares during the quarter. Hsbc Holdings PLC owned 0.10% of iShares MSCI South Korea ETF worth $17,040,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in EWY. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of iShares MSCI South Korea ETF in the 4th quarter valued at approximately $2,231,000. MRA Advisory Group boosted its stake in shares of iShares MSCI South Korea ETF by 1,746.7% in the first quarter. MRA Advisory Group now owns 54,718 shares of the exchange traded fund’s stock valued at $6,731,000 after buying an additional 51,755 shares in the last quarter. Main Street Research LLC acquired a new position in iShares MSCI South Korea ETF during the fourth quarter worth $34,558,000. Wealth Enhancement Advisory Services LLC grew its holdings in iShares MSCI South Korea ETF by 183.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,251 shares of the exchange traded fund’s stock worth $780,000 after acquiring an additional 4,695 shares during the period. Finally, Trivium Point Advisory LLC purchased a new position in iShares MSCI South Korea ETF in the fourth quarter worth $5,287,000. Institutional investors and hedge funds own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Performance

iShares MSCI South Korea ETF stock opened at $172.90 on Wednesday. iShares MSCI South Korea ETF has a one year low of $70.36 and a one year high of $220.89. The business has a fifty day moving average of $190.70 and a two-hundred day moving average of $153.27. The company has a market cap of $23.07 billion, a P/E ratio of 10.35 and a beta of 1.46.

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.