Migdal Insurance & Financial Holdings Ltd. Lowers Stock Holdings in iShares MSCI South Korea ETF $EWY

Migdal Insurance & Financial Holdings Ltd. decreased its position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 19.0% during the second quarter, HoldingsChannel reports. The firm owned 2,980 shares of the exchange traded fund’s stock after selling 700 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in iShares MSCI South Korea ETF were worth $211,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Cerity Partners LLC purchased a new position in shares of iShares MSCI South Korea ETF in the first quarter worth about $1,629,000. Ameritas Advisory Services LLC purchased a new position in shares of iShares MSCI South Korea ETF in the second quarter worth about $76,000. Total Wealth Planning & Management Inc. purchased a new position in shares of iShares MSCI South Korea ETF in the second quarter worth about $481,000. PNC Financial Services Group Inc. increased its holdings in shares of iShares MSCI South Korea ETF by 36.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,447 shares of the exchange traded fund’s stock worth $186,000 after buying an additional 912 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of iShares MSCI South Korea ETF by 7.4% in the first quarter. Cetera Investment Advisers now owns 8,895 shares of the exchange traded fund’s stock worth $481,000 after buying an additional 612 shares during the period. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Trading Up 2.6%

EWY opened at $96.90 on Thursday. iShares MSCI South Korea ETF has a 12 month low of $48.49 and a 12 month high of $97.52. The company has a market cap of $6.94 billion, a P/E ratio of 10.35 and a beta of 1.22. The business’s 50-day moving average price is $80.94 and its 200-day moving average price is $71.10.

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.