Cercano Management LLC Makes New $3.10 Million Investment in iShares MSCI South Korea ETF $EWY

Cercano Management LLC acquired a new position in iShares MSCI South Korea ETF (NYSEARCA:EWY) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 43,201 shares of the exchange traded fund’s stock, valued at approximately $3,101,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EWY. Sun Life Financial Inc. increased its holdings in shares of iShares MSCI South Korea ETF by 21.9% in the 1st quarter. Sun Life Financial Inc. now owns 1,549,773 shares of the exchange traded fund’s stock valued at $83,750,000 after acquiring an additional 278,300 shares during the period. New Vernon Capital Holdings II LLC boosted its position in iShares MSCI South Korea ETF by 5,822.0% during the first quarter. New Vernon Capital Holdings II LLC now owns 1,420,928 shares of the exchange traded fund’s stock valued at $76,787,000 after purchasing an additional 1,396,934 shares in the last quarter. USS Investment Management Ltd grew its stake in iShares MSCI South Korea ETF by 18.3% in the first quarter. USS Investment Management Ltd now owns 1,007,626 shares of the exchange traded fund’s stock valued at $54,457,000 after purchasing an additional 155,832 shares during the last quarter. OLD Mission Capital LLC raised its holdings in iShares MSCI South Korea ETF by 44.9% in the first quarter. OLD Mission Capital LLC now owns 829,739 shares of the exchange traded fund’s stock worth $44,839,000 after purchasing an additional 257,146 shares in the last quarter. Finally, TD Asset Management Inc bought a new position in iShares MSCI South Korea ETF in the first quarter worth about $44,774,000. 49.22% of the stock is currently owned by institutional investors.

iShares MSCI South Korea ETF Stock Performance

NYSEARCA:EWY opened at $94.13 on Friday. iShares MSCI South Korea ETF has a fifty-two week low of $48.49 and a fifty-two week high of $100.79. The stock has a market capitalization of $6.80 billion, a P/E ratio of 10.35 and a beta of 1.22. The company’s 50-day simple moving average is $86.41 and its 200-day simple moving average is $74.50.

iShares MSCI South Korea ETF 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.