The Manufacturers Life Insurance Company Reduces Position in iShares MSCI South Korea ETF $EWY

The Manufacturers Life Insurance Company decreased its holdings in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 90.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,817 shares of the exchange traded fund’s stock after selling 594,381 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in iShares MSCI South Korea ETF were worth $7,973,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cypress Capital Group increased its holdings in iShares MSCI South Korea ETF by 235.6% during the 1st quarter. Cypress Capital Group now owns 25,340 shares of the exchange traded fund’s stock worth $3,117,000 after purchasing an additional 17,790 shares during the last quarter. Absolute Gestao de Investimentos Ltda. acquired a new position in shares of iShares MSCI South Korea ETF in the 1st quarter valued at approximately $5,351,000. Renaissance Technologies LLC purchased a new position in shares of iShares MSCI South Korea ETF during the 1st quarter valued at approximately $28,457,000. Keebeck Wealth Management purchased a new position in shares of iShares MSCI South Korea ETF during the 1st quarter valued at approximately $263,000. Finally, Caxton Associates LLP purchased a new position in shares of iShares MSCI South Korea ETF during the 1st quarter valued at approximately $470,000. Institutional investors and hedge funds own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Trading Up 6.8%

EWY stock opened at $171.14 on Wednesday. The firm has a 50 day simple moving average of $186.19 and a 200-day simple moving average of $157.17. The company has a market capitalization of $24.85 billion, a P/E ratio of 10.35 and a beta of 1.49. iShares MSCI South Korea ETF has a twelve month low of $70.93 and a twelve month high of $220.89.

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.