Belvedere Trading LLC Makes New Investment in iShares MSCI South Korea ETF $EWY

Belvedere Trading LLC bought a new position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,671 shares of the exchange traded fund’s stock, valued at approximately $843,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EWY. Whittier Trust Co. of Nevada Inc. bought a new position in shares of iShares MSCI South Korea ETF during the fourth quarter worth about $2,231,000. B. Riley Wealth Advisors Inc. bought a new position in shares of iShares MSCI South Korea ETF during the third quarter worth about $394,000. ABC Arbitrage SA bought a new position in shares of iShares MSCI South Korea ETF during the third quarter worth about $512,000. Diversify Advisory Services LLC bought a new position in shares of iShares MSCI South Korea ETF during the third quarter worth about $689,000. Finally, Choreo LLC bought a new position in shares of iShares MSCI South Korea ETF during the third quarter worth about $376,000. 49.22% of the stock is owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Stock Performance

iShares MSCI South Korea ETF stock opened at $205.83 on Friday. The company has a 50-day simple moving average of $156.69 and a 200-day simple moving average of $127.38. The firm has a market capitalization of $27.39 billion, a P/E ratio of 10.35 and a beta of 1.38. iShares MSCI South Korea ETF has a one year low of $60.27 and a one year high of $208.25.

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.