CacheTech Inc. Has $18.70 Million Stake in iShares MSCI South Korea ETF $EWY

CacheTech Inc. cut its position in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 11.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 152,034 shares of the exchange traded fund’s stock after selling 19,592 shares during the quarter. iShares MSCI South Korea ETF accounts for 3.6% of CacheTech Inc.’s investment portfolio, making the stock its 3rd largest holding. CacheTech Inc.’s holdings in iShares MSCI South Korea ETF were worth $18,702,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in iShares MSCI South Korea ETF by 1,764.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock worth $184,457,000 after buying an additional 1,795,557 shares during the last quarter. Yacktman Asset Management LP bought a new position in shares of iShares MSCI South Korea ETF in the fourth quarter valued at approximately $111,279,000. Temasek Holdings Private Ltd boosted its holdings in shares of iShares MSCI South Korea ETF by 116.6% in the 4th quarter. Temasek Holdings Private Ltd now owns 1,594,998 shares of the exchange traded fund’s stock worth $155,066,000 after acquiring an additional 858,598 shares in the last quarter. Morgan Stanley boosted its holdings in shares of iShares MSCI South Korea ETF by 31.5% in the 4th quarter. Morgan Stanley now owns 3,405,205 shares of the exchange traded fund’s stock worth $331,054,000 after acquiring an additional 814,877 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in iShares MSCI South Korea ETF during the 4th quarter worth approximately $51,527,000. 49.22% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Price Performance

NYSEARCA EWY opened at $172.90 on Wednesday. The stock’s 50 day simple moving average is $190.70 and its 200 day simple moving average is $153.27. iShares MSCI South Korea ETF has a one year low of $70.36 and a one year high of $220.89. The firm has a market cap of $23.07 billion, a PE ratio of 10.35 and a beta of 1.46.

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.