Pilgrim Partners Asia Pte Ltd Buys 8,000 Shares of iShares MSCI South Korea ETF $EWY

Pilgrim Partners Asia Pte Ltd bought a new position in iShares MSCI South Korea ETF (NYSEARCA:EWY) during the 3rd quarter, HoldingsChannel reports. The fund bought 8,000 shares of the exchange traded fund’s stock, valued at approximately $1,462,000. iShares MSCI South Korea ETF accounts for about 0.3% of Pilgrim Partners Asia Pte Ltd’s holdings, making the stock its 27th biggest holding.

A number of other hedge funds have also made changes to their positions in EWY. Vise Technologies Inc. acquired a new stake in shares of iShares MSCI South Korea ETF in the third quarter valued at $260,000. MGO One Seven LLC raised its holdings in shares of iShares MSCI South Korea ETF by 57.6% in the third quarter. MGO One Seven LLC now owns 2,206 shares of the exchange traded fund’s stock valued at $403,000 after buying an additional 806 shares during the last quarter. Arta Finance Wealth Management LLC lifted its position in iShares MSCI South Korea ETF by 21.0% during the 3rd quarter. Arta Finance Wealth Management LLC now owns 1,677 shares of the exchange traded fund’s stock worth $307,000 after buying an additional 291 shares in the last quarter. Choreo LLC grew its holdings in iShares MSCI South Korea ETF by 6.4% during the 3rd quarter. Choreo LLC now owns 4,196 shares of the exchange traded fund’s stock worth $767,000 after acquiring an additional 252 shares during the last quarter. Finally, Smith Group Asset Management LLC acquired a new stake in iShares MSCI South Korea ETF in the 3rd quarter valued at about $430,000. Institutional investors and hedge funds own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Trading Down 5.5%

EWY opened at $152.89 on Friday. iShares MSCI South Korea ETF has a 1-year low of $86.90 and a 1-year high of $220.89. The stock has a market capitalization of $22.41 billion, a PE ratio of 10.35 and a beta of 1.51. The firm has a 50-day moving average price of $175.36 and a two-hundred day moving average price of $162.12.

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.