DAVENPORT & Co LLC Invests $1.15 Million in iShares MSCI South Korea ETF $EWY

DAVENPORT & Co LLC bought a new position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,870 shares of the exchange traded fund’s stock, valued at approximately $1,154,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in iShares MSCI South Korea ETF by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 239,956 shares of the exchange traded fund’s stock worth $12,967,000 after acquiring an additional 52,259 shares during the last quarter. Creative Planning increased its position in shares of iShares MSCI South Korea ETF by 3.6% in the 2nd quarter. Creative Planning now owns 5,021 shares of the exchange traded fund’s stock valued at $360,000 after purchasing an additional 176 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of iShares MSCI South Korea ETF by 39.2% in the 2nd quarter. Rhumbline Advisers now owns 95,728 shares of the exchange traded fund’s stock valued at $6,871,000 after purchasing an additional 26,980 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of iShares MSCI South Korea ETF by 18.8% in the 2nd quarter. Prudential Financial Inc. now owns 19,000 shares of the exchange traded fund’s stock valued at $1,364,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the 2nd quarter worth $224,000. Institutional investors and hedge funds own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Performance

iShares MSCI South Korea ETF stock opened at $120.98 on Monday. The company has a fifty day simple moving average of $129.07 and a 200-day simple moving average of $104.88. The stock has a market cap of $11.90 billion, a P/E ratio of 10.35 and a beta of 1.22. iShares MSCI South Korea ETF has a 12-month low of $48.49 and a 12-month high of $154.22.

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.