Sun Life Financial Inc. Has $98.53 Million Holdings in iShares MSCI South Korea ETF (NYSEARCA:EWY)

Sun Life Financial Inc. increased its stake in shares of iShares MSCI South Korea ETF (NYSEARCA:EWY) by 46.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,490,773 shares of the exchange traded fund’s stock after buying an additional 469,500 shares during the quarter. iShares MSCI South Korea ETF accounts for about 5.9% of Sun Life Financial Inc.’s investment portfolio, making the stock its 5th largest holding. Sun Life Financial Inc.’s holdings in iShares MSCI South Korea ETF were worth $98,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in EWY. Edgestream Partners L.P. bought a new stake in shares of iShares MSCI South Korea ETF during the 2nd quarter worth $203,000. City of London Investment Management Co. Ltd. raised 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 acquiring an additional 289,047 shares in the last quarter. Idaho Trust Bank bought a new position in shares of iShares MSCI South Korea ETF in the second quarter worth about $377,000. American Century Companies Inc. acquired a new stake in shares of iShares MSCI South Korea ETF in the 2nd quarter valued at approximately $4,489,000. Finally, Headlands Technologies LLC bought a new stake in shares of iShares MSCI South Korea ETF during the 2nd quarter valued at approximately $29,000.

iShares MSCI South Korea ETF Price Performance

Shares of NYSEARCA:EWY opened at $63.22 on Wednesday. iShares MSCI South Korea ETF has a one year low of $54.49 and a one year high of $69.51. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 9.60 and a beta of 1.25. The firm has a 50 day simple moving average of $64.61 and a 200 day simple moving average of $64.90.

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.