Sun Life Financial Inc. Reduces Stock Position in iShares MSCI South Korea ETF $EWY

Sun Life Financial Inc. trimmed its position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,562,744 shares of the exchange traded fund’s stock after selling 98,029 shares during the period. iShares MSCI South Korea ETF makes up about 6.4% of Sun Life Financial Inc.’s holdings, making the stock its 5th biggest holding. Sun Life Financial Inc.’s holdings in iShares MSCI South Korea ETF were worth $125,176,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC lifted its stake in shares of iShares MSCI South Korea ETF by 1,753.0% in the second quarter. Hsbc Holdings PLC now owns 1,296,271 shares of the exchange traded fund’s stock worth $93,047,000 after buying an additional 1,226,315 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares MSCI South Korea ETF by 13.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,208,253 shares of the exchange traded fund’s stock worth $96,781,000 after acquiring an additional 141,996 shares during the last quarter. Schroder Investment Management Group raised its holdings in iShares MSCI South Korea ETF by 31,122.4% in the 2nd quarter. Schroder Investment Management Group now owns 1,065,620 shares of the exchange traded fund’s stock worth $75,382,000 after acquiring an additional 1,062,207 shares during the last quarter. Rafferty Asset Management LLC lifted its position in iShares MSCI South Korea ETF by 11.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 985,291 shares of the exchange traded fund’s stock valued at $70,724,000 after acquiring an additional 97,762 shares in the last quarter. Finally, Temasek Holdings Private Ltd lifted its position in iShares MSCI South Korea ETF by 1,194.2% in the 2nd quarter. Temasek Holdings Private Ltd now owns 736,400 shares of the exchange traded fund’s stock valued at $52,859,000 after acquiring an additional 679,500 shares in the last quarter. 49.22% of the stock is currently owned by institutional investors.

iShares MSCI South Korea ETF Trading Up 4.9%

iShares MSCI South Korea ETF stock opened at $141.88 on Friday. The firm has a market cap of $13.95 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22. The stock has a fifty day simple moving average of $112.33 and a two-hundred day simple moving average of $93.96. iShares MSCI South Korea ETF has a 12 month low of $48.49 and a 12 month high of $141.98.

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.