MRA Advisory Group Trims Stock Position in iShares MSCI South Korea ETF $EWY

MRA Advisory Group decreased its position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 47.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,280 shares of the exchange traded fund’s stock after selling 22,551 shares during the period. iShares MSCI South Korea ETF makes up approximately 1.7% of MRA Advisory Group’s holdings, making the stock its 20th largest holding. MRA Advisory Group’s holdings in iShares MSCI South Korea ETF were worth $4,621,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EWY. Harbor Investment Advisory LLC bought a new position 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 iShares MSCI South Korea ETF in the 2nd quarter worth approximately $38,000. Prestige Wealth Management Group LLC purchased a new stake in iShares MSCI South Korea ETF in the first quarter worth approximately $25,000. Viewpoint Capital Management LLC boosted its stake in iShares MSCI South Korea ETF by 20,000.0% in the first quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 200 shares in the last quarter. Finally, Archer Investment Corp bought a new position in iShares MSCI South Korea ETF during the first quarter valued at approximately $25,000. Institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Trading Down 1.1%

Shares of EWY stock traded down $2.13 during trading hours on Wednesday, hitting $184.27. 8,090,799 shares of the company’s stock were exchanged, compared to its average volume of 19,040,211. The company has a market capitalization of $26.28 billion, a PE ratio of 10.35 and a beta of 1.51. iShares MSCI South Korea ETF has a 12-month low of $80.63 and a 12-month high of $220.89. The business’s 50 day simple moving average is $178.47 and its 200-day simple moving average is $173.68.

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.