CI Investments Inc. Takes $3.33 Million Position in iShares MSCI South Korea ETF $EWY

CI Investments Inc. acquired a new position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) in the 1st quarter, Holdings Channel.com reports. The fund acquired 27,100 shares of the exchange traded fund’s stock, valued at approximately $3,334,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Viewpoint Capital Management LLC lifted its stake in iShares MSCI South Korea ETF by 20,000.0% in the first quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. Archer Investment Corp bought a new position in shares of iShares MSCI South Korea ETF during the first quarter valued at approximately $25,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of iShares MSCI South Korea ETF during the fourth quarter valued at approximately $26,000. Nvwm LLC purchased a new stake in shares of iShares MSCI South Korea ETF in the fourth quarter worth approximately $29,000. Finally, Parallel Advisors LLC purchased a new stake in shares of iShares MSCI South Korea ETF in the first quarter worth approximately $29,000. 49.22% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Stock Performance

Shares of EWY stock opened at $173.86 on Friday. iShares MSCI South Korea ETF has a 52-week low of $70.36 and a 52-week high of $220.89. The firm has a market capitalization of $23.72 billion, a P/E ratio of 10.35 and a beta of 1.46. The stock has a 50 day moving average price of $190.00 and a 200 day moving average price of $154.29.

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.