Tower View Wealth Management LLC Has $3.43 Million Position in iShares MSCI South Korea ETF $EWY

Tower View Wealth Management LLC grew its holdings in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 84.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,848 shares of the exchange traded fund’s stock after purchasing an additional 12,758 shares during the quarter. iShares MSCI South Korea ETF comprises about 1.8% of Tower View Wealth Management LLC’s portfolio, making the stock its 21st biggest position. Tower View Wealth Management LLC’s holdings in iShares MSCI South Korea ETF were worth $3,426,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EWY. Morgan Stanley lifted its stake in iShares MSCI South Korea ETF by 31.5% in the fourth quarter. Morgan Stanley now owns 3,405,205 shares of the exchange traded fund’s stock valued at $331,054,000 after buying an additional 814,877 shares during the period. Bridgewater Associates LP increased its stake in shares of iShares MSCI South Korea ETF by 1.8% in the 4th quarter. Bridgewater Associates LP now owns 2,072,358 shares of the exchange traded fund’s stock valued at $201,475,000 after acquiring an additional 37,242 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of iShares MSCI South Korea ETF by 1,764.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock valued at $184,457,000 after acquiring an additional 1,795,557 shares in the last quarter. Temasek Holdings Private Ltd lifted its position in shares of iShares MSCI South Korea ETF by 116.6% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,594,998 shares of the exchange traded fund’s stock valued at $155,066,000 after acquiring an additional 858,598 shares during the period. Finally, TD Asset Management Inc lifted its position in shares of iShares MSCI South Korea ETF by 85.5% during the 3rd quarter. TD Asset Management Inc now owns 1,536,532 shares of the exchange traded fund’s stock valued at $123,076,000 after acquiring an additional 708,000 shares during the period. Institutional investors and hedge funds own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Up 3.9%

Shares of NYSEARCA EWY opened at $205.00 on Friday. The firm has a market cap of $27.28 billion, a PE ratio of 10.35 and a beta of 1.45. iShares MSCI South Korea ETF has a 12-month low of $69.85 and a 12-month high of $220.89. The company’s fifty day simple moving average is $184.28 and its 200 day simple moving average is $142.35.

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.