Phoenix Financial Ltd. Sells 58,666 Shares of iShares MSCI South Korea ETF (NYSEARCA:EWY)

Phoenix Financial Ltd. lessened its stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 12.8% in the fourth quarter, HoldingsChannel reports. The firm owned 400,919 shares of the exchange traded fund’s stock after selling 58,666 shares during the period. Phoenix Financial Ltd.’s holdings in iShares MSCI South Korea ETF were worth $20,403,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of iShares MSCI South Korea ETF by 6,375.0% in the 4th quarter. Assetmark Inc. now owns 777 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 765 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of iShares MSCI South Korea ETF in the 4th quarter worth approximately $41,000. Hara Capital LLC lifted its position in iShares MSCI South Korea ETF by 75.5% during the fourth quarter. Hara Capital LLC now owns 930 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 400 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in iShares MSCI South Korea ETF during the fourth quarter valued at approximately $49,000. Finally, Mainstream Capital Management LLC purchased a new stake in iShares MSCI South Korea ETF during the fourth quarter valued at approximately $145,000.

iShares MSCI South Korea ETF Trading Up 8.9 %

NYSEARCA EWY opened at $53.28 on Thursday. The company has a fifty day simple moving average of $55.30 and a two-hundred day simple moving average of $56.80. The stock has a market cap of $2.87 billion, a P/E ratio of 9.48 and a beta of 1.09. iShares MSCI South Korea ETF has a 12-month low of $48.49 and a 12-month high of $69.52.

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.