iShares MSCI South Korea ETF $EWY Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 12.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 107,358 shares of the exchange traded fund’s stock after buying an additional 11,630 shares during the quarter. Rhumbline Advisers’ holdings in iShares MSCI South Korea ETF were worth $8,599,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EWY. ABC Arbitrage SA acquired a new position in shares of iShares MSCI South Korea ETF in the third quarter worth about $512,000. Portside Wealth Group LLC purchased a new position in shares of iShares MSCI South Korea ETF in the 3rd quarter valued at about $229,000. Bessemer Group Inc. raised its holdings in iShares MSCI South Korea ETF by 1.0% in the 3rd quarter. Bessemer Group Inc. now owns 60,022 shares of the exchange traded fund’s stock worth $4,807,000 after purchasing an additional 619 shares during the period. Cullen Capital Management LLC boosted its position in iShares MSCI South Korea ETF by 13.4% during the third quarter. Cullen Capital Management LLC now owns 222,743 shares of the exchange traded fund’s stock worth $17,842,000 after purchasing an additional 26,341 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its position in iShares MSCI South Korea ETF by 562.8% during the third quarter. Allianz Asset Management GmbH now owns 44,968 shares of the exchange traded fund’s stock worth $3,602,000 after purchasing an additional 38,183 shares in the last quarter. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Trading Up 4.9%

Shares of EWY opened at $141.88 on Friday. The firm has a market cap of $13.95 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 $141.98. The stock’s 50 day moving average is $112.33 and its two-hundred day moving average is $93.96.

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.