36,063 Shares in iShares MSCI South Korea ETF $EWY Purchased by Elite Wealth Management Inc.

Elite Wealth Management Inc. acquired a new position in iShares MSCI South Korea ETF (NYSEARCA:EWY) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 36,063 shares of the exchange traded fund’s stock, valued at approximately $4,436,000. iShares MSCI South Korea ETF makes up 1.4% of Elite Wealth Management Inc.’s holdings, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hsbc Holdings PLC lifted its stake in shares of iShares MSCI South Korea ETF by 1,764.2% in 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 acquiring an additional 1,795,557 shares during the last quarter. Yacktman Asset Management LP bought a new stake in iShares MSCI South Korea ETF during the 4th quarter valued at $111,279,000. Bank of Nova Scotia boosted its position in iShares MSCI South Korea ETF by 135.8% during the 1st quarter. Bank of Nova Scotia now owns 1,823,820 shares of the exchange traded fund’s stock valued at $224,348,000 after buying an additional 1,050,220 shares during the period. Temasek Holdings Private Ltd grew its holdings in iShares MSCI South Korea ETF by 116.6% in 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 acquiring an additional 858,598 shares during the last quarter. Finally, Morgan Stanley grew its holdings in iShares MSCI South Korea ETF by 31.5% in the 4th 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. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Trading Down 1.1%

iShares MSCI South Korea ETF stock opened at $161.20 on Tuesday. The firm has a 50-day moving average of $189.39 and a 200-day moving average of $155.08. The firm has a market cap of $22.27 billion, a P/E ratio of 10.35 and a beta of 1.46. iShares MSCI South Korea ETF has a 1-year low of $70.36 and a 1-year 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.