Envestnet Asset Management Inc. Sells 162,219 Shares of iShares MSCI South Korea ETF $EWY

Envestnet Asset Management Inc. lowered its stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 69.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 70,899 shares of the exchange traded fund’s stock after selling 162,219 shares during the period. Envestnet Asset Management Inc. owned approximately 0.10% of iShares MSCI South Korea ETF worth $5,679,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of EWY. Sun Life Financial Inc. boosted its holdings in shares of iShares MSCI South Korea ETF by 7.2% during 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 acquiring an additional 111,000 shares during the period. Hsbc Holdings PLC boosted its stake in iShares MSCI South Korea ETF by 1,753.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,296,271 shares of the exchange traded fund’s stock valued at $93,047,000 after purchasing an additional 1,226,315 shares during the period. JPMorgan Chase & Co. grew its holdings in iShares MSCI South Korea ETF by 4,532.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,066,257 shares of the exchange traded fund’s stock valued at $76,536,000 after buying an additional 1,043,238 shares in the last quarter. Schroder Investment Management Group increased its position in iShares MSCI South Korea ETF by 31,122.4% during the 2nd quarter. Schroder Investment Management Group now owns 1,065,620 shares of the exchange traded fund’s stock worth $75,382,000 after buying an additional 1,062,207 shares during the period. Finally, Rafferty Asset Management LLC lifted its holdings in shares of iShares MSCI South Korea ETF by 11.0% during the second quarter. Rafferty Asset Management LLC now owns 985,291 shares of the exchange traded fund’s stock worth $70,724,000 after buying an additional 97,762 shares in the last quarter. 49.22% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Stock Performance

Shares of iShares MSCI South Korea ETF stock opened at $141.88 on Friday. The firm has a 50-day moving average of $112.33 and a 200-day moving average of $94.11. iShares MSCI South Korea ETF has a 52-week low of $48.49 and a 52-week high of $141.98. The stock has a market cap of $13.95 billion, a PE ratio of 10.35 and a beta of 1.22.

iShares MSCI South Korea ETF Company 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.