Evergreen Capital Management LLC Makes New $9.88 Million Investment in iShares MSCI South Korea ETF $EWY

Evergreen Capital Management LLC acquired a new position in iShares MSCI South Korea ETF (NYSEARCA:EWY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 54,033 shares of the exchange traded fund’s stock, valued at approximately $9,876,000.

A number of other hedge funds also recently bought and sold shares of the company. GK Wealth Management LLC bought a new position in iShares MSCI South Korea ETF in the third quarter valued at about $25,000. Harbor Investment Advisory LLC bought a new stake in shares of iShares MSCI South Korea ETF during the 2nd quarter valued at about $35,000. Allied Private Wealth LLC bought a new stake in shares of iShares MSCI South Korea ETF during the 2nd quarter valued at about $38,000. Prestige Wealth Management Group LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the 1st quarter valued at about $25,000. Finally, Archer Investment Corp purchased a new stake in shares of iShares MSCI South Korea ETF during the 1st quarter valued at about $25,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Up 1.5%

Shares of NYSEARCA:EWY opened at $151.26 on Friday. The firm’s 50 day moving average price is $177.48 and its 200-day moving average price is $176.70. iShares MSCI South Korea ETF has a twelve month low of $86.90 and a twelve month high of $220.89. The stock has a market capitalization of $22.07 billion, a PE 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.