First Trust Advisors LP Sells 10,966 Shares of iShares MSCI South Korea ETF $EWY

First Trust Advisors LP decreased its stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 28.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 27,653 shares of the exchange traded fund’s stock after selling 10,966 shares during the period. First Trust Advisors LP’s holdings in iShares MSCI South Korea ETF were worth $3,402,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. purchased a new position in iShares MSCI South Korea ETF during the fourth quarter valued at approximately $2,231,000. MRA Advisory Group increased its holdings in iShares MSCI South Korea ETF by 1,746.7% during the 1st quarter. MRA Advisory Group now owns 54,718 shares of the exchange traded fund’s stock worth $6,731,000 after acquiring an additional 51,755 shares during the period. Main Street Research LLC bought a new stake in iShares MSCI South Korea ETF during the 4th quarter worth approximately $34,558,000. Trivium Point Advisory LLC purchased a new stake in iShares MSCI South Korea ETF in the 4th quarter worth approximately $5,287,000. Finally, Tower View Wealth Management LLC purchased a new stake in iShares MSCI South Korea ETF in the 4th quarter worth approximately $1,467,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Price Performance

Shares of NYSEARCA:EWY opened at $164.12 on Friday. The firm has a fifty day moving average price of $184.76 and a two-hundred day moving average price of $157.95. The company has a market cap of $23.83 billion, a price-to-earnings ratio of 10.35 and a beta of 1.49. iShares MSCI South Korea ETF has a one year low of $70.93 and a one year high of $220.89.

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.