Allianz Asset Management GmbH Grows Stock Position in iShares MSCI South Korea ETF $EWY

Allianz Asset Management GmbH raised its position in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 562.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,968 shares of the exchange traded fund’s stock after buying an additional 38,183 shares during the period. Allianz Asset Management GmbH owned approximately 0.06% of iShares MSCI South Korea ETF worth $3,602,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in EWY. Sun Life Financial Inc. boosted its holdings in iShares MSCI South Korea ETF by 7.2% in the second quarter. Sun Life Financial Inc. now owns 1,660,773 shares of the exchange traded fund’s stock worth $119,210,000 after purchasing an additional 111,000 shares during the period. Hsbc Holdings PLC lifted its holdings in 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 purchasing an additional 1,226,315 shares during the period. JPMorgan Chase & Co. raised its holdings in iShares MSCI South Korea ETF by 4,532.1% during the second quarter. JPMorgan Chase & Co. now owns 1,066,257 shares of the exchange traded fund’s stock worth $76,536,000 after purchasing an additional 1,043,238 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of iShares MSCI South Korea ETF by 31,122.4% in the second quarter. Schroder Investment Management Group now owns 1,065,620 shares of the exchange traded fund’s stock valued at $75,382,000 after buying an additional 1,062,207 shares during the period. Finally, Rafferty Asset Management LLC raised its position in iShares MSCI South Korea ETF by 11.0% in the second quarter. Rafferty Asset Management LLC now owns 985,291 shares of the exchange traded fund’s stock worth $70,724,000 after acquiring an additional 97,762 shares in the last quarter. Institutional investors and hedge funds own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Down 1.3%

EWY opened at $124.45 on Wednesday. iShares MSCI South Korea ETF has a fifty-two week low of $48.49 and a fifty-two week high of $126.64. The firm has a market cap of $12.24 billion, a PE ratio of 10.35 and a beta of 1.22. The business has a fifty day simple moving average of $106.01 and a 200-day simple moving average of $90.82.

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.