Fifth Third Bancorp Purchases 250,886 Shares of iShares MSCI South Korea ETF $EWY

Fifth Third Bancorp boosted its holdings in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 1,140,390.9% during the 1st quarter, Holdings Channel reports. The firm owned 250,908 shares of the exchange traded fund’s stock after acquiring an additional 250,886 shares during the period. Fifth Third Bancorp’s holdings in iShares MSCI South Korea ETF were worth $30,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of iShares MSCI South Korea ETF in the fourth quarter valued at $2,231,000. CIBC Bancorp USA Inc. purchased a new stake in iShares MSCI South Korea ETF during the third quarter valued at $8,432,000. Main Street Research LLC purchased a new stake in iShares MSCI South Korea ETF during the fourth quarter valued at $34,558,000. Wealth Enhancement Advisory Services LLC lifted its position in iShares MSCI South Korea ETF by 183.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,251 shares of the exchange traded fund’s stock valued at $780,000 after purchasing an additional 4,695 shares during the last quarter. Finally, MRA Advisory Group lifted its position in 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. 49.22% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI South Korea ETF Trading Down 8.4%

EWY opened at $168.02 on Tuesday. The firm has a market cap of $19.93 billion, a P/E ratio of 10.35 and a beta of 1.46. iShares MSCI South Korea ETF has a 12 month low of $70.36 and a 12 month high of $220.89. The stock has a 50-day moving average of $192.37 and a 200 day moving average of $150.24.

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.