Yacktman Asset Management LP Invests $111.28 Million in iShares MSCI South Korea ETF $EWY

Yacktman Asset Management LP bought a new position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,144,611 shares of the exchange traded fund’s stock, valued at approximately $111,279,000. iShares MSCI South Korea ETF accounts for approximately 1.6% of Yacktman Asset Management LP’s portfolio, making the stock its 28th biggest holding. Yacktman Asset Management LP owned approximately 1.18% of iShares MSCI South Korea ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EWY. Nvwm LLC bought a new position in shares of iShares MSCI South Korea ETF during the 4th quarter worth approximately $29,000. National Bank of Canada FI boosted its stake in shares of iShares MSCI South Korea ETF by 103.9% during the 3rd quarter. National Bank of Canada FI now owns 579 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 295 shares during the period. Private Trust Co. NA boosted its stake in shares of iShares MSCI South Korea ETF by 120.5% during the 4th quarter. Private Trust Co. NA now owns 485 shares of the exchange traded fund’s stock worth $47,000 after acquiring an additional 265 shares during the period. Van Berkom & Associates Inc. bought a new position in shares of iShares MSCI South Korea ETF during the 4th quarter worth approximately $50,000. Finally, Daytona Street Capital LLC bought a new position in shares of iShares MSCI South Korea ETF during the 4th quarter worth approximately $52,000. 49.22% of the stock is currently owned by institutional investors.

iShares MSCI South Korea ETF Trading Up 7.6%

Shares of NYSEARCA EWY opened at $190.20 on Friday. iShares MSCI South Korea ETF has a 12 month low of $57.44 and a 12 month high of $190.41. The stock has a 50 day moving average of $139.69 and a 200-day moving average of $116.98. The company has a market capitalization of $25.31 billion, a P/E ratio of 10.35 and a beta of 1.38.

About iShares MSCI South Korea ETF

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.