Bessemer Group Inc. Trims Holdings in iShares MSCI South Korea ETF $EWY

Bessemer Group Inc. lowered its stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 12.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,996 shares of the exchange traded fund’s stock after selling 6,653 shares during the period. Bessemer Group Inc.’s holdings in iShares MSCI South Korea ETF were worth $5,657,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of iShares MSCI South Korea ETF in the 4th quarter valued at $2,231,000. MRA Advisory Group increased its stake in 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 buying an additional 51,755 shares during the period. Main Street Research LLC acquired a new stake in iShares MSCI South Korea ETF during the 4th quarter worth approximately $34,558,000. Wealth Enhancement Advisory Services LLC lifted its holdings in 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 buying an additional 4,695 shares in the last quarter. Finally, Trivium Point Advisory LLC purchased a new stake in shares of iShares MSCI South Korea ETF during the fourth quarter worth $5,287,000. 49.22% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Trading Up 0.2%

Shares of NYSEARCA EWY opened at $162.86 on Tuesday. The stock has a market cap of $21.73 billion, a P/E ratio of 10.35 and a beta of 1.46. The business’s fifty day simple moving average is $190.81 and its 200-day simple moving average is $152.74. iShares MSCI South Korea ETF has a 12-month low of $70.36 and a 12-month high of $220.89.

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.