Park Avenue Securities LLC Buys 15,196 Shares of iShares MSCI South Korea ETF $EWY

Park Avenue Securities LLC bought a new stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) during the third quarter, HoldingsChannel.com reports. The firm bought 15,196 shares of the exchange traded fund’s stock, valued at approximately $2,778,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of iShares MSCI South Korea ETF by 102.5% in the 1st quarter. Bank of America Corp DE now owns 10,928,797 shares of the exchange traded fund’s stock valued at $1,344,351,000 after purchasing an additional 5,532,980 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of iShares MSCI South Korea ETF by 1,764.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock worth $184,457,000 after buying an additional 1,795,557 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of iShares MSCI South Korea ETF by 135.8% during the 1st quarter. Bank of Nova Scotia now owns 1,823,820 shares of the exchange traded fund’s stock worth $224,348,000 after buying an additional 1,050,220 shares during the last quarter. Group One Trading LLC acquired a new stake in iShares MSCI South Korea ETF in the first quarter valued at about $30,984,000. Finally, Fifth Third Bancorp boosted its stake in iShares MSCI South Korea ETF by 1,140,390.9% in the first quarter. Fifth Third Bancorp now owns 250,908 shares of the exchange traded fund’s stock valued at $30,864,000 after buying an additional 250,886 shares in the last quarter. Institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Down 5.5%

NYSEARCA:EWY opened at $152.89 on Friday. iShares MSCI South Korea ETF has a twelve month low of $86.90 and a twelve month high of $220.89. The stock’s 50-day simple moving average is $175.36 and its 200 day simple moving average is $162.12. The firm has a market capitalization of $22.41 billion, a PE ratio of 10.35 and a beta of 1.51.

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.