Union Bancaire Privee UBP SA Lowers Holdings in iShares MSCI South Korea ETF $EWY

Union Bancaire Privee UBP SA cut its position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 30.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,796 shares of the exchange traded fund’s stock after selling 10,167 shares during the period. Union Bancaire Privee UBP SA’s holdings in iShares MSCI South Korea ETF were worth $2,550,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in EWY. Viewpoint Capital Management LLC increased its stake in shares of iShares MSCI South Korea ETF by 20,000.0% during the first quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 200 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in iShares MSCI South Korea ETF during the 4th quarter worth about $26,000. Nvwm LLC bought a new position in iShares MSCI South Korea ETF during the 4th quarter worth about $29,000. Intesa Sanpaolo Wealth Management purchased a new position in iShares MSCI South Korea ETF during the 4th quarter valued at about $31,000. Finally, Berbice Capital Management LLC purchased a new position in iShares MSCI South Korea ETF during the 4th quarter valued at about $34,000. 49.22% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Stock Performance

NYSEARCA:EWY opened at $197.28 on Friday. iShares MSCI South Korea ETF has a one year low of $69.85 and a one year high of $220.89. The firm has a market cap of $26.25 billion, a P/E ratio of 10.35 and a beta of 1.45. The firm has a 50-day simple moving average of $185.33 and a 200-day simple moving average of $142.73.

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.