Tikvah Management LLC Invests $1.36 Million in iShares MSCI South Korea ETF $EWY

Tikvah Management LLC acquired a new position in iShares MSCI South Korea ETF (NYSEARCA:EWY) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 6,750 shares of the exchange traded fund’s stock, valued at approximately $1,363,000. iShares MSCI South Korea ETF makes up approximately 0.4% of Tikvah Management LLC’s investment portfolio, making the stock its 18th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Viewpoint Capital Management LLC raised its stake in iShares MSCI South Korea ETF by 20,000.0% during the 1st quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Archer Investment Corp bought a new position in shares of iShares MSCI South Korea ETF in the first quarter worth $25,000. Prestige Wealth Management Group LLC bought a new position in shares of iShares MSCI South Korea ETF in the first quarter worth $25,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of iShares MSCI South Korea ETF during the fourth quarter valued at $26,000. Finally, Parallel Advisors LLC acquired a new position in shares of iShares MSCI South Korea ETF during the first quarter valued at $29,000. 49.22% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Stock Up 0.5%

Shares of NYSEARCA EWY opened at $190.78 on Thursday. The stock has a market cap of $27.70 billion, a P/E ratio of 10.35 and a beta of 1.51. The firm’s 50-day simple moving average is $173.89 and its 200 day simple moving average is $167.19. iShares MSCI South Korea ETF has a fifty-two week low of $76.32 and a fifty-two week 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.