First Growth Capital LLC Purchases New Shares in iShares MSCI South Korea ETF $EWY

by · The Markets Daily

First Growth Capital LLC purchased a new position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 2,488 shares of the exchange traded fund’s stock, valued at approximately $242,000.

Several other hedge funds also recently added to or reduced their stakes in EWY. Yacktman Asset Management LP bought a new position in iShares MSCI South Korea ETF in the 4th quarter valued at $111,279,000. Temasek Holdings Private Ltd lifted its position in shares of iShares MSCI South Korea ETF by 116.6% during the fourth 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. Morgan Stanley boosted its stake 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 valued at $331,054,000 after purchasing an additional 814,877 shares during the period. TD Asset Management Inc boosted its stake in shares of iShares MSCI South Korea ETF by 85.5% during the third quarter. TD Asset Management Inc now owns 1,536,532 shares of the exchange traded fund’s stock valued at $123,076,000 after purchasing an additional 708,000 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of iShares MSCI South Korea ETF during the fourth quarter valued at $51,527,000. 49.22% of the stock is currently owned by institutional investors.

iShares MSCI South Korea ETF Trading Up 6.9%

NYSEARCA EWY opened at $219.20 on Friday. The stock has a market cap of $29.16 billion, a PE ratio of 10.35 and a beta of 1.45. iShares MSCI South Korea ETF has a 12 month low of $67.98 and a 12 month high of $220.89. The company’s 50-day moving average price is $177.75 and its 200-day moving average price is $138.33.

About iShares MSCI South Korea ETF

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EWY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI South Korea ETF (NYSEARCA:EWY – Free Report).