Grove Bank & Trust Takes $54,000 Position in iShares MSCI South Korea ETF (NYSEARCA:EWY)

Grove Bank & Trust purchased a new position in iShares MSCI South Korea ETF (NYSEARCA:EWY) during the first quarter, Holdings Channel reports. The firm purchased 1,000 shares of the exchange traded fund’s stock, valued at approximately $54,000.

A number of other hedge funds also recently modified their holdings of the stock. Deutsche Bank AG lifted its stake in iShares MSCI South Korea ETF by 21.1% during the fourth quarter. Deutsche Bank AG now owns 1,083 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 189 shares during the last quarter. Hara Capital LLC raised its holdings in shares of iShares MSCI South Korea ETF by 75.5% during the 4th quarter. Hara Capital LLC now owns 930 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 400 shares in the last quarter. Cypress Capital Group lifted its position in shares of iShares MSCI South Korea ETF by 8.5% during the 4th quarter. Cypress Capital Group now owns 6,350 shares of the exchange traded fund’s stock worth $323,000 after buying an additional 500 shares during the last quarter. GenTrust LLC boosted its stake in iShares MSCI South Korea ETF by 3.8% in the fourth quarter. GenTrust LLC now owns 16,386 shares of the exchange traded fund’s stock valued at $834,000 after buying an additional 600 shares in the last quarter. Finally, Checchi Capital Advisers LLC grew its position in iShares MSCI South Korea ETF by 3.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 19,582 shares of the exchange traded fund’s stock valued at $997,000 after acquiring an additional 678 shares during the last quarter.

iShares MSCI South Korea ETF Trading Up 1.9%

Shares of NYSEARCA EWY opened at $67.87 on Thursday. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 10.07 and a beta of 1.12. iShares MSCI South Korea ETF has a 12 month low of $48.49 and a 12 month high of $69.52. The stock has a 50-day moving average price of $59.36 and a two-hundred day moving average price of $56.31.

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.