Franklin Resources Inc. Reduces Stake in iShares MSCI South Korea ETF (NYSEARCA:EWY)

Franklin Resources Inc. lessened its stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 3.7% during the 3rd quarter, Holdings Channel reports. The fund owned 47,415 shares of the exchange traded fund’s stock after selling 1,842 shares during the quarter. Franklin Resources Inc.’s holdings in iShares MSCI South Korea ETF were worth $3,014,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EWY. Bridgewater Associates LP grew its position in iShares MSCI South Korea ETF by 12.9% in the third quarter. Bridgewater Associates LP now owns 1,927,560 shares of the exchange traded fund’s stock worth $123,287,000 after acquiring an additional 220,129 shares during the period. Sun Life Financial Inc. increased its position in shares of iShares MSCI South Korea ETF by 46.0% during the 2nd quarter. Sun Life Financial Inc. now owns 1,490,773 shares of the exchange traded fund’s stock worth $98,525,000 after purchasing an additional 469,500 shares during the last quarter. Hsbc Holdings PLC raised its holdings in iShares MSCI South Korea ETF by 49.7% in the 2nd quarter. Hsbc Holdings PLC now owns 1,263,030 shares of the exchange traded fund’s stock valued at $83,474,000 after buying an additional 419,112 shares during the period. City of London Investment Management Co. Ltd. boosted its stake in iShares MSCI South Korea ETF by 125.2% during the second quarter. City of London Investment Management Co. Ltd. now owns 519,978 shares of the exchange traded fund’s stock worth $34,365,000 after buying an additional 289,047 shares during the period. Finally, Flow Traders U.S. LLC increased its position in shares of iShares MSCI South Korea ETF by 34.3% during the third quarter. Flow Traders U.S. LLC now owns 371,262 shares of the exchange traded fund’s stock valued at $23,746,000 after acquiring an additional 94,873 shares during the last quarter.

iShares MSCI South Korea ETF Stock Performance

iShares MSCI South Korea ETF stock opened at $52.71 on Thursday. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 9.60 and a beta of 1.25. The company’s 50 day simple moving average is $57.54 and its 200-day simple moving average is $62.15. iShares MSCI South Korea ETF has a 1 year low of $51.90 and a 1 year high of $69.51.

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.