MBB Public Markets I LLC Trims Stake in iShares MSCI South Korea ETF (NYSEARCA:EWY)

MBB Public Markets I LLC cut its stake in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 76.9% in the second quarter, HoldingsChannel reports. The fund owned 83,541 shares of the exchange traded fund’s stock after selling 278,010 shares during the period. MBB Public Markets I LLC’s holdings in iShares MSCI South Korea ETF were worth $5,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Founders Capital Management purchased a new stake in shares of iShares MSCI South Korea ETF during the 1st quarter worth about $27,000. Headlands Technologies LLC purchased a new position in iShares MSCI South Korea ETF during the second quarter worth approximately $29,000. International Assets Investment Management LLC acquired a new stake in iShares MSCI South Korea ETF in the second quarter valued at approximately $49,000. CWM LLC increased its holdings in iShares MSCI South Korea ETF by 460.0% in the 1st quarter. CWM LLC now owns 1,120 shares of the exchange traded fund’s stock worth $75,000 after acquiring an additional 920 shares in the last quarter. Finally, Prudential PLC purchased a new stake in iShares MSCI South Korea ETF in the 2nd quarter worth $81,000.

iShares MSCI South Korea ETF Stock Down 1.1 %

EWY opened at $66.34 on Friday. The firm’s fifty day simple moving average is $64.02 and its two-hundred day simple moving average is $64.84. iShares MSCI South Korea ETF has a 52-week low of $54.49 and a 52-week high of $69.51. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 9.60 and a beta of 1.25.

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.