Sumitomo Mitsui Financial Group Inc. Acquires Shares of 680,000 iShares MSCI South Korea ETF $EWY

Sumitomo Mitsui Financial Group Inc. bought a new position in iShares MSCI South Korea ETF (NYSEARCA:EWY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 680,000 shares of the exchange traded fund’s stock, valued at approximately $48,810,000. iShares MSCI South Korea ETF makes up about 0.8% of Sumitomo Mitsui Financial Group Inc.’s holdings, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Global Retirement Partners LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the second quarter worth $224,000. Jefferies Financial Group Inc. acquired a new position in iShares MSCI South Korea ETF in the 2nd quarter worth about $245,000. Prudential Financial Inc. increased its position in iShares MSCI South Korea ETF by 18.8% in the 2nd quarter. Prudential Financial Inc. now owns 19,000 shares of the exchange traded fund’s stock worth $1,364,000 after purchasing an additional 3,000 shares during the last quarter. Rock Creek Group LP purchased a new stake in shares of iShares MSCI South Korea ETF during the 2nd quarter worth about $2,897,000. Finally, Rhumbline Advisers lifted its holdings in shares of iShares MSCI South Korea ETF by 39.2% during the 2nd quarter. Rhumbline Advisers now owns 95,728 shares of the exchange traded fund’s stock valued at $6,871,000 after buying an additional 26,980 shares during the last quarter. 49.22% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Stock Performance

Shares of NYSEARCA EWY opened at $91.55 on Thursday. The business has a 50 day simple moving average of $88.46 and a 200 day simple moving average of $76.36. iShares MSCI South Korea ETF has a 52 week low of $48.49 and a 52 week high of $100.79. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22.

iShares MSCI South Korea ETF Company 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.