Cypress Capital Group Has $3.12 Million Stock Position in iShares MSCI South Korea ETF $EWY

Cypress Capital Group raised its stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 235.6% during the 1st quarter, Holdings Channel reports. The fund owned 25,340 shares of the exchange traded fund’s stock after acquiring an additional 17,790 shares during the period. Cypress Capital Group’s holdings in iShares MSCI South Korea ETF were worth $3,117,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Viewpoint Capital Management LLC boosted its holdings in shares of iShares MSCI South Korea ETF by 20,000.0% during the first quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 200 shares during the period. Archer Investment Corp bought a new position in shares of iShares MSCI South Korea ETF during the first quarter worth approximately $25,000. Prestige Wealth Management Group LLC bought a new position in shares of iShares MSCI South Korea ETF during the first quarter worth approximately $25,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of iShares MSCI South Korea ETF during the fourth quarter worth approximately $26,000. Finally, Nvwm LLC acquired a new stake in iShares MSCI South Korea ETF during the 4th quarter worth approximately $29,000. 49.22% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Trading Down 6.3%

NYSEARCA:EWY opened at $162.96 on Friday. The stock has a 50 day simple moving average of $189.68 and a 200 day simple moving average of $154.35. The stock has a market cap of $22.24 billion, a P/E ratio of 10.35 and a beta of 1.46. iShares MSCI South Korea ETF has a 1-year low of $70.36 and a 1-year high of $220.89.

iShares MSCI South Korea ETF Company 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.