Royal Bank of Canada Boosts Stock Holdings in iShares MSCI South Korea ETF $EWY

Royal Bank of Canada raised its position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 127.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,532 shares of the exchange traded fund’s stock after acquiring an additional 113,958 shares during the quarter. Royal Bank of Canada owned approximately 0.15% of iShares MSCI South Korea ETF worth $25,036,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new position in iShares MSCI South Korea ETF in the 4th quarter valued at $2,231,000. MRA Advisory Group boosted its stake 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 purchasing an additional 51,755 shares during the last quarter. Main Street Research LLC acquired a new stake in iShares MSCI South Korea ETF during the 4th quarter worth $34,558,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares MSCI South Korea ETF by 183.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,251 shares of the exchange traded fund’s stock worth $780,000 after buying an additional 4,695 shares in the last quarter. Finally, Trivium Point Advisory LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the fourth quarter worth $5,287,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Up 6.8%

Shares of NYSEARCA EWY opened at $171.14 on Wednesday. The firm has a 50-day simple moving average of $186.19 and a 200-day simple moving average of $157.17. The stock has a market capitalization of $24.85 billion, a price-to-earnings ratio of 10.35 and a beta of 1.49. iShares MSCI South Korea ETF has a 52 week low of $70.93 and a 52 week high of $220.89.

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. 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.