Main Street Research LLC Purchases New Stake in iShares MSCI South Korea ETF $EWY

Main Street Research LLC purchased a new stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) during the fourth quarter, HoldingsChannel reports. The firm purchased 355,461 shares of the exchange traded fund’s stock, valued at approximately $34,558,000. iShares MSCI South Korea ETF comprises 1.9% of Main Street Research LLC’s investment portfolio, making the stock its 26th largest position.

Several other large investors have also recently added to or reduced their stakes in EWY. Yacktman Asset Management LP bought a new position in iShares MSCI South Korea ETF during the 4th quarter worth $111,279,000. TD Asset Management Inc increased its position in 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 worth $123,076,000 after buying an additional 708,000 shares during the period. Horizon Investments LLC increased its position in iShares MSCI South Korea ETF by 4,270,966.7% during the 4th quarter. Horizon Investments LLC now owns 384,396 shares of the exchange traded fund’s stock worth $37,371,000 after buying an additional 384,387 shares during the period. Exchange Traded Concepts LLC increased its position in iShares MSCI South Korea ETF by 36,038.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 385,237 shares of the exchange traded fund’s stock worth $37,453,000 after buying an additional 384,171 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its position in iShares MSCI South Korea ETF by 79.7% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 823,077 shares of the exchange traded fund’s stock worth $65,848,000 after buying an additional 365,091 shares during the period. Institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Price Performance

EWY stock opened at $182.03 on Monday. The stock has a market capitalization of $24.22 billion, a price-to-earnings ratio of 10.35 and a beta of 1.38. The business’s fifty day moving average price is $149.77 and its two-hundred day moving average price is $123.94. iShares MSCI South Korea ETF has a fifty-two week low of $58.53 and a fifty-two week high of $194.58.

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.