Pekin Hardy Strauss Inc. Buys New Shares in iShares MSCI South Korea ETF $EWY

Pekin Hardy Strauss Inc. purchased a new stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 102,027 shares of the exchange traded fund’s stock, valued at approximately $18,648,000. iShares MSCI South Korea ETF accounts for about 1.6% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 4th largest holding. Pekin Hardy Strauss Inc. owned approximately 0.07% of iShares MSCI South Korea ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EWY. First Growth Capital LLC boosted its stake in iShares MSCI South Korea ETF by 3.2% during the first quarter. First Growth Capital LLC now owns 2,567 shares of the exchange traded fund’s stock worth $324,000 after buying an additional 79 shares during the period. Solstein Capital LLC increased its position in iShares MSCI South Korea ETF by 6.0% during the second quarter. Solstein Capital LLC now owns 1,662 shares of the exchange traded fund’s stock valued at $325,000 after acquiring an additional 94 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of iShares MSCI South Korea ETF by 66.2% in the first quarter. Sunbelt Securities Inc. now owns 251 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 100 shares during the period. Avior Wealth Management LLC raised its stake in shares of iShares MSCI South Korea ETF by 2.7% in the third quarter. Avior Wealth Management LLC now owns 3,771 shares of the exchange traded fund’s stock valued at $689,000 after acquiring an additional 100 shares during the period. Finally, GK Wealth Management LLC purchased a new stake in shares of iShares MSCI South Korea ETF in the third quarter valued at $25,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Trading Down 13.5%

iShares MSCI South Korea ETF stock opened at $131.65 on Friday. iShares MSCI South Korea ETF has a 12-month low of $86.90 and a 12-month high of $220.89. The firm has a 50-day moving average price of $172.95 and a 200-day moving average price of $162.87. The firm has a market capitalization of $19.29 billion, a PE ratio of 10.35 and a beta of 1.60.

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.