Sun Life Financial Inc. Has $125.18 Million Position in iShares MSCI South Korea ETF $EWY

Sun Life Financial Inc. lessened its holdings in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,562,744 shares of the exchange traded fund’s stock after selling 98,029 shares during the period. iShares MSCI South Korea ETF accounts for approximately 6.4% of Sun Life Financial Inc.’s holdings, making the stock its 5th biggest position. Sun Life Financial Inc. owned 2.16% of iShares MSCI South Korea ETF worth $125,176,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC increased its stake in shares of iShares MSCI South Korea ETF by 328.8% in the 2nd quarter. CWM LLC now owns 596 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 457 shares in the last quarter. FLP Wealth Management LLC purchased a new stake in iShares MSCI South Korea ETF in the third quarter worth about $103,000. Farther Finance Advisors LLC increased its stake in shares of iShares MSCI South Korea ETF by 200.0% during the third quarter. Farther Finance Advisors LLC now owns 1,650 shares of the exchange traded fund’s stock valued at $132,000 after purchasing an additional 1,100 shares in the last quarter. Friedenthal Financial bought a new position in shares of iShares MSCI South Korea ETF during the third quarter valued at approximately $149,000. Finally, Blue Trust Inc. lifted its holdings in shares of iShares MSCI South Korea ETF by 16.6% during the third quarter. Blue Trust Inc. now owns 1,985 shares of the exchange traded fund’s stock valued at $159,000 after purchasing an additional 283 shares during the last quarter. 49.22% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Stock Up 4.9%

Shares of EWY opened at $141.88 on Friday. The stock has a market cap of $13.95 billion, a P/E ratio of 10.35 and a beta of 1.22. The business’s 50 day moving average price is $112.33 and its 200-day moving average price is $93.96. iShares MSCI South Korea ETF has a 52 week low of $48.49 and a 52 week high of $141.98.

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.