B. Riley Wealth Advisors Inc. Buys 3,600 Shares of iShares MSCI South Korea ETF $EWY

B. Riley Wealth Advisors Inc. purchased a new stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 3,600 shares of the exchange traded fund’s stock, valued at approximately $658,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EWY. Boltwood Capital Management acquired a new stake in iShares MSCI South Korea ETF in the 3rd quarter valued at approximately $908,000. Waverly Advisors LLC boosted its position in shares of iShares MSCI South Korea ETF by 386.7% in the second quarter. Waverly Advisors LLC now owns 10,362 shares of the exchange traded fund’s stock valued at $2,092,000 after acquiring an additional 8,233 shares during the period. 1607 Capital Partners LLC bought a new stake in shares of iShares MSCI South Korea ETF in the second quarter valued at approximately $1,060,000. Tikvah Management LLC acquired a new stake in shares of iShares MSCI South Korea ETF in the second quarter worth $1,363,000. Finally, Cullen Capital Management LLC acquired a new stake in shares of iShares MSCI South Korea ETF in the second quarter worth $40,723,000. 49.22% of the stock is owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Price Performance

NYSEARCA:EWY opened at $150.44 on Friday. iShares MSCI South Korea ETF has a one year low of $86.90 and a one year high of $220.89. The company has a fifty day moving average price of $179.42 and a 200 day moving average price of $175.61. The stock has a market cap of $21.42 billion, a P/E ratio of 10.35 and a beta of 1.51.

About iShares MSCI South Korea ETF

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.