Tikvah Management LLC Makes New Investment in iShares MSCI South Korea ETF $EWY

Tikvah Management LLC bought a new position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,750 shares of the exchange traded fund’s stock, valued at approximately $1,363,000. iShares MSCI South Korea ETF accounts for approximately 0.4% of Tikvah Management LLC’s investment portfolio, making the stock its 18th largest holding.

A number of other large investors also recently modified their holdings of the business. Main Street Research LLC bought a new position in iShares MSCI South Korea ETF in the fourth quarter worth about $34,558,000. MRA Advisory Group grew its holdings in shares of iShares MSCI South Korea ETF by 1,746.7% during the first quarter. MRA Advisory Group now owns 54,718 shares of the exchange traded fund’s stock valued at $6,731,000 after purchasing an additional 51,755 shares during the last quarter. Lombard Odier Asset Management USA Corp bought a new position in shares of iShares MSCI South Korea ETF during the fourth quarter valued at approximately $820,000. Strategic Global Advisors LLC acquired a new stake in shares of iShares MSCI South Korea ETF during the 4th quarter worth approximately $664,000. Finally, Hsbc Holdings PLC raised its position in shares of iShares MSCI South Korea ETF by 1,764.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock worth $184,457,000 after purchasing an additional 1,795,557 shares during the period. 49.22% of the stock is currently owned by institutional investors.

iShares MSCI South Korea ETF Trading Up 0.5%

Shares of NYSEARCA EWY opened at $190.78 on Thursday. iShares MSCI South Korea ETF has a 12-month low of $76.32 and a 12-month high of $220.89. The company has a market cap of $27.70 billion, a price-to-earnings ratio of 10.35 and a beta of 1.51. The stock’s 50 day simple moving average is $173.89 and its 200 day simple moving average is $167.19.

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.