Citigroup Inc. Trims Position in iShares MSCI South Korea ETF (NYSEARCA:EWY)

Citigroup Inc. reduced its holdings in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 16.3% during the 3rd quarter, Holdings Channel reports. The fund owned 447,795 shares of the exchange traded fund’s stock after selling 87,119 shares during the period. Citigroup Inc.’s holdings in iShares MSCI South Korea ETF were worth $28,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EWY. Sun Life Financial Inc. lifted its position in iShares MSCI South Korea ETF by 46.0% during the second quarter. Sun Life Financial Inc. now owns 1,490,773 shares of the exchange traded fund’s stock valued at $98,525,000 after purchasing an additional 469,500 shares during the period. Hsbc Holdings PLC grew its holdings in iShares MSCI South Korea ETF by 49.7% during the second quarter. Hsbc Holdings PLC now owns 1,263,030 shares of the exchange traded fund’s stock worth $83,474,000 after acquiring an additional 419,112 shares during the period. City of London Investment Management Co. Ltd. raised its position in iShares MSCI South Korea ETF by 125.2% during the second quarter. City of London Investment Management Co. Ltd. now owns 519,978 shares of the exchange traded fund’s stock valued at $34,365,000 after acquiring an additional 289,047 shares in the last quarter. MKP Capital Management L.L.C. acquired a new position in iShares MSCI South Korea ETF in the second quarter valued at approximately $17,252,000. Finally, CX Institutional purchased a new stake in iShares MSCI South Korea ETF in the 3rd quarter worth approximately $10,862,000.

iShares MSCI South Korea ETF Price Performance

NYSEARCA:EWY opened at $58.74 on Tuesday. The company has a 50 day moving average price of $61.34 and a 200-day moving average price of $63.59. iShares MSCI South Korea ETF has a 1-year low of $55.69 and a 1-year high of $69.51. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 9.60 and a beta of 1.25.

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.