The Manufacturers Life Insurance Company Acquires 238,591 Shares of iShares MSCI South Korea ETF $EWY

The Manufacturers Life Insurance Company increased its holdings in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 368.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 303,408 shares of the exchange traded fund’s stock after acquiring an additional 238,591 shares during the period. The Manufacturers Life Insurance Company’s holdings in iShares MSCI South Korea ETF were worth $61,258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EWY. Bank of America Corp DE lifted its holdings in iShares MSCI South Korea ETF by 102.5% in the 1st quarter. Bank of America Corp DE now owns 10,928,797 shares of the exchange traded fund’s stock worth $1,344,351,000 after purchasing an additional 5,532,980 shares in the last quarter. Morgan Stanley grew its holdings in iShares MSCI South Korea ETF by 31.5% during the 4th quarter. Morgan Stanley now owns 3,405,205 shares of the exchange traded fund’s stock valued at $331,054,000 after buying an additional 814,877 shares in the last quarter. Bridgewater Associates LP raised its position in shares of iShares MSCI South Korea ETF by 1.8% during the fourth quarter. Bridgewater Associates LP now owns 2,072,358 shares of the exchange traded fund’s stock valued at $201,475,000 after buying an additional 37,242 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of 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 valued at $184,457,000 after buying an additional 1,795,557 shares during the last quarter. Finally, Bank of Nova Scotia lifted its holdings in shares of iShares MSCI South Korea ETF by 135.8% in the first quarter. Bank of Nova Scotia now owns 1,823,820 shares of the exchange traded fund’s stock worth $224,348,000 after buying an additional 1,050,220 shares in the last quarter. Institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Performance

EWY stock opened at $188.72 on Friday. The company’s fifty day moving average price is $174.11 and its 200-day moving average price is $167.62. iShares MSCI South Korea ETF has a one year low of $78.27 and a one year high of $220.89. The company has a market capitalization of $27.40 billion, a PE ratio of 10.35 and a beta of 1.51.

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.