Hsbc Holdings PLC Reduces Stock Position in iShares MSCI South Korea ETF $EWY

Hsbc Holdings PLC trimmed its stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 92.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 138,633 shares of the exchange traded fund’s stock after selling 1,758,704 shares during the period. Hsbc Holdings PLC’s holdings in iShares MSCI South Korea ETF were worth $17,040,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EWY. Viewpoint Capital Management LLC increased its stake in 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 purchasing an additional 200 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in iShares MSCI South Korea ETF during the fourth quarter worth $26,000. Nvwm LLC purchased a new stake in iShares MSCI South Korea ETF during the fourth quarter worth $29,000. Intesa Sanpaolo Wealth Management acquired a new stake in iShares MSCI South Korea ETF in the fourth quarter valued at $31,000. Finally, Berbice Capital Management LLC acquired a new stake in iShares MSCI South Korea ETF in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Up 6.2%

Shares of EWY stock opened at $172.90 on Wednesday. iShares MSCI South Korea ETF has a fifty-two week low of $70.36 and a fifty-two week high of $220.89. The stock has a market cap of $23.07 billion, a P/E ratio of 10.35 and a beta of 1.46. The business has a fifty day simple moving average of $190.70 and a 200-day simple moving average of $153.27.

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. 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.