iShares MSCI South Korea ETF $EWY Stock: Providence First Trust Co Decreases Position

Providence First Trust Co lowered its holdings in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 58.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,190 shares of the exchange traded fund’s stock after selling 17,272 shares during the period. iShares MSCI South Korea ETF makes up 0.7% of Providence First Trust Co’s portfolio, making the stock its 27th biggest position. Providence First Trust Co’s holdings in iShares MSCI South Korea ETF were worth $2,228,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Archer Investment Corp purchased a new stake in iShares MSCI South Korea ETF during the 1st quarter worth $25,000. Prestige Wealth Management Group LLC purchased a new position in iShares MSCI South Korea ETF in the first quarter valued at about $25,000. GK Wealth Management LLC purchased a new position in iShares MSCI South Korea ETF in the third quarter valued at about $25,000. Parallel Advisors LLC purchased a new position in iShares MSCI South Korea ETF in the first quarter valued at about $29,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of iShares MSCI South Korea ETF by 66.2% during the first quarter. Sunbelt Securities Inc. now owns 251 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Trading Up 4.1%

Shares of EWY traded up $5.36 during midday trading on Friday, reaching $137.01. 21,585,336 shares of the company were exchanged, compared to its average volume of 18,987,066. iShares MSCI South Korea ETF has a 1-year low of $86.90 and a 1-year high of $220.89. The stock has a 50-day moving average price of $172.04 and a 200-day moving average price of $163.00. The company has a market cap of $20.08 billion, a price-to-earnings ratio of 10.35 and a beta of 1.60.

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.