Waterfront Wealth Inc. Sells 3,154 Shares of iShares MSCI South Korea ETF $EWY

Waterfront Wealth Inc. lowered its holdings in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 37.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,282 shares of the exchange traded fund’s stock after selling 3,154 shares during the period. Waterfront Wealth Inc.’s holdings in iShares MSCI South Korea ETF were worth $650,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Viewpoint Capital Management LLC increased its stake in shares of iShares MSCI South Korea ETF by 20,000.0% in the 1st quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of iShares MSCI South Korea ETF during the fourth quarter valued at about $26,000. Nvwm LLC bought a new position in shares of iShares MSCI South Korea ETF during the 4th quarter worth about $29,000. Intesa Sanpaolo Wealth Management bought a new position in shares of iShares MSCI South Korea ETF during the 4th quarter worth about $31,000. Finally, Berbice Capital Management LLC bought a new position in shares of iShares MSCI South Korea ETF during the 4th quarter worth about $34,000. 49.22% of the stock is currently owned by institutional investors.

iShares MSCI South Korea ETF Trading Down 0.7%

iShares MSCI South Korea ETF stock traded down $1.23 during midday trading on Friday, reaching $183.52. The stock had a trading volume of 20,021,750 shares, compared to its average volume of 19,744,248. iShares MSCI South Korea ETF has a 12 month low of $70.36 and a 12 month high of $220.89. The company has a market capitalization of $22.01 billion, a P/E ratio of 10.35 and a beta of 1.46. The company has a fifty day moving average price of $192.22 and a two-hundred day moving average price of $149.31.

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.