Bank of Nova Scotia Increases Holdings in iShares MSCI South Korea ETF $EWY

Bank of Nova Scotia lifted its holdings in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 135.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,823,820 shares of the exchange traded fund’s stock after purchasing an additional 1,050,220 shares during the period. Bank of Nova Scotia owned about 1.37% of iShares MSCI South Korea ETF worth $224,348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in iShares MSCI South Korea ETF in the fourth quarter valued at $2,231,000. MRA Advisory Group grew its holdings in shares of iShares MSCI South Korea ETF by 1,746.7% during the 1st quarter. MRA Advisory Group now owns 54,718 shares of the exchange traded fund’s stock worth $6,731,000 after purchasing an additional 51,755 shares during the period. Main Street Research LLC purchased a new position in shares of iShares MSCI South Korea ETF during the 4th quarter worth $34,558,000. Wealth Enhancement Advisory Services LLC increased its position in shares of iShares MSCI South Korea ETF by 183.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,251 shares of the exchange traded fund’s stock worth $780,000 after purchasing an additional 4,695 shares during the last quarter. Finally, Trivium Point Advisory LLC acquired a new stake in shares of iShares MSCI South Korea ETF during the 4th quarter worth about $5,287,000. 49.22% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Trading Up 2.0%

Shares of EWY opened at $173.86 on Friday. The company’s 50-day moving average price is $190.00 and its 200 day moving average price is $154.29. iShares MSCI South Korea ETF has a 12-month low of $70.36 and a 12-month high of $220.89. The firm has a market cap of $23.72 billion, a P/E ratio of 10.35 and a beta of 1.46.

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.