Absolute Gestao de Investimentos Ltda. Takes $5.35 Million Position in iShares MSCI South Korea ETF $EWY

Absolute Gestao de Investimentos Ltda. bought a new position in iShares MSCI South Korea ETF (NYSEARCA:EWY) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 43,500 shares of the exchange traded fund’s stock, valued at approximately $5,351,000. iShares MSCI South Korea ETF makes up about 0.6% of Absolute Gestao de Investimentos Ltda.’s investment portfolio, making the stock its 28th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EWY. Viewpoint Capital Management LLC grew its position in iShares MSCI South Korea ETF by 20,000.0% during the first quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Archer Investment Corp acquired a new stake in shares of iShares MSCI South Korea ETF in the first quarter worth about $25,000. Prestige Wealth Management Group LLC acquired a new stake in shares of iShares MSCI South Korea ETF in the first quarter worth about $25,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of iShares MSCI South Korea ETF during the 4th quarter worth about $26,000. Finally, Nvwm LLC bought a new stake in shares of iShares MSCI South Korea ETF during the 4th quarter worth about $29,000. 49.22% of the stock is owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Stock Down 6.3%

Shares of EWY stock opened at $162.96 on Friday. iShares MSCI South Korea ETF has a 12 month low of $70.36 and a 12 month high of $220.89. The business’s 50 day moving average is $189.68 and its two-hundred day moving average is $154.35. The company has a market cap of $22.24 billion, a PE ratio of 10.35 and a beta of 1.46.

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.