Main Street Research LLC Invests $34.56 Million in iShares MSCI South Korea ETF $EWY

Main Street Research LLC purchased a new stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 355,461 shares of the exchange traded fund’s stock, valued at approximately $34,558,000. iShares MSCI South Korea ETF accounts for 1.9% of Main Street Research LLC’s portfolio, making the stock its 26th largest position. Main Street Research LLC owned 0.36% of iShares MSCI South Korea ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EWY. Yacktman Asset Management LP bought a new stake in iShares MSCI South Korea ETF in the 4th quarter valued at $111,279,000. TD Asset Management Inc raised its stake in iShares MSCI South Korea ETF by 85.5% in the 3rd quarter. TD Asset Management Inc now owns 1,536,532 shares of the exchange traded fund’s stock valued at $123,076,000 after acquiring an additional 708,000 shares during the period. Horizon Investments LLC raised its stake in iShares MSCI South Korea ETF by 4,270,966.7% in the 4th quarter. Horizon Investments LLC now owns 384,396 shares of the exchange traded fund’s stock valued at $37,371,000 after acquiring an additional 384,387 shares during the period. Exchange Traded Concepts LLC raised its stake in iShares MSCI South Korea ETF by 36,038.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 385,237 shares of the exchange traded fund’s stock valued at $37,453,000 after acquiring an additional 384,171 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its stake in iShares MSCI South Korea ETF by 79.7% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 823,077 shares of the exchange traded fund’s stock valued at $65,848,000 after acquiring an additional 365,091 shares during the period. Institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Performance

EWY opened at $182.03 on Monday. iShares MSCI South Korea ETF has a 1-year low of $58.53 and a 1-year high of $194.58. The stock’s fifty day simple moving average is $149.77 and its 200 day simple moving average is $123.94. The stock has a market cap of $24.22 billion, a PE ratio of 10.35 and a beta of 1.38.

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.