Morningstar Investment Management LLC Reduces Stock Position in iShares MSCI South Korea ETF $EWY

Morningstar Investment Management LLC reduced its holdings in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 42.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,951 shares of the exchange traded fund’s stock after selling 28,958 shares during the period. Morningstar Investment Management LLC’s holdings in iShares MSCI South Korea ETF were worth $3,787,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Knights of Columbus Asset Advisors LLC grew its stake in shares of iShares MSCI South Korea ETF by 2.4% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 5,820 shares of the exchange traded fund’s stock worth $466,000 after buying an additional 138 shares in the last quarter. Guidance Capital Inc. grew its stake in shares of iShares MSCI South Korea ETF by 2.4% in the 3rd quarter. Guidance Capital Inc. now owns 6,221 shares of the exchange traded fund’s stock worth $498,000 after buying an additional 146 shares in the last quarter. Diversify Advisory Services LLC grew its stake in shares of iShares MSCI South Korea ETF by 1.9% in the 4th quarter. Diversify Advisory Services LLC now owns 8,769 shares of the exchange traded fund’s stock worth $853,000 after buying an additional 162 shares in the last quarter. Creative Planning grew its stake in shares of iShares MSCI South Korea ETF by 3.6% in the 2nd quarter. Creative Planning now owns 5,021 shares of the exchange traded fund’s stock worth $360,000 after buying an additional 176 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of iShares MSCI South Korea ETF by 5.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,844 shares of the exchange traded fund’s stock worth $374,000 after buying an additional 184 shares in the last quarter. 49.22% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Stock Performance

EWY stock opened at $182.03 on Monday. iShares MSCI South Korea ETF has a 12 month low of $58.53 and a 12 month high of $194.58. The company has a 50-day moving average price of $149.77 and a 200 day moving average price of $123.94. The stock has a market cap of $24.22 billion, a PE ratio of 10.35 and a beta of 1.38.

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.