Global Endowment Management LP Boosts Holdings in iShares MSCI South Korea ETF $EWY

Global Endowment Management LP boosted its position in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 47.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,000 shares of the exchange traded fund’s stock after acquiring an additional 2,890 shares during the period. Global Endowment Management LP’s holdings in iShares MSCI South Korea ETF were worth $875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of iShares MSCI South Korea ETF in the fourth quarter worth $26,000. Nvwm LLC purchased a new position in shares of iShares MSCI South Korea ETF in the fourth quarter worth $29,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of iShares MSCI South Korea ETF in the fourth quarter worth $31,000. Berbice Capital Management LLC purchased a new position in shares of iShares MSCI South Korea ETF in the fourth quarter worth $34,000. Finally, Strategic Advocates LLC purchased a new position in shares of iShares MSCI South Korea ETF in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Trading Down 0.7%

NYSEARCA EWY opened at $197.45 on Friday. The company has a fifty day simple moving average of $170.90 and a two-hundred day simple moving average of $134.65. The stock has a market cap of $26.27 billion, a P/E ratio of 10.35 and a beta of 1.45. iShares MSCI South Korea ETF has a 12-month low of $66.11 and a 12-month high of $217.76.

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.