Amundi Cuts Stock Holdings in iShares MSCI South Korea ETF $EWY

Amundi decreased its stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 19.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,600 shares of the exchange traded fund’s stock after selling 8,500 shares during the period. Amundi owned about 0.07% of iShares MSCI South Korea ETF worth $1,892,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA boosted its position in shares of iShares MSCI South Korea ETF by 325.3% during the first quarter. Private Trust Co. NA now owns 706 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 540 shares during the last quarter. Private Wealth Management Group LLC purchased a new position in iShares MSCI South Korea ETF in the first quarter worth $39,000. Hara Capital LLC boosted its position in iShares MSCI South Korea ETF by 75.5% in the fourth quarter. Hara Capital LLC now owns 930 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 400 shares during the last quarter. Grove Bank & Trust purchased a new position in iShares MSCI South Korea ETF in the first quarter worth $54,000. Finally, Exchange Traded Concepts LLC purchased a new position in iShares MSCI South Korea ETF in the first quarter worth $56,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Trading Up 1.0%

EWY stock opened at $78.66 on Friday. The stock’s fifty day simple moving average is $73.19 and its two-hundred day simple moving average is $64.09. iShares MSCI South Korea ETF has a 1-year low of $48.49 and a 1-year high of $78.75. The stock has a market cap of $5.64 billion, a P/E ratio of 10.35 and a beta of 1.05.

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.