Waterfront Wealth Inc. Invests $573,000 in iShares MSCI South Korea ETF (NYSEARCA:EWY)

Waterfront Wealth Inc. bought a new position in iShares MSCI South Korea ETF (NYSEARCA:EWY) during the fourth quarter, Holdings Channel reports. The firm bought 11,258 shares of the exchange traded fund’s stock, valued at approximately $573,000.

Other large investors have also added to or reduced their stakes in the company. Bridgewater Associates LP raised its stake in shares of 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 purchasing an additional 220,129 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares MSCI South Korea ETF by 25.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 913,197 shares of the exchange traded fund’s stock valued at $58,408,000 after buying an additional 184,207 shares during the last quarter. Flow Traders U.S. LLC lifted its stake in iShares MSCI South Korea ETF by 34.3% during the 3rd 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 in the last quarter. Trium Capital LLP bought a new position in iShares MSCI South Korea ETF during the 4th quarter valued at $18,680,000. Finally, SPX Gestao de Recursos Ltda boosted its holdings in iShares MSCI South Korea ETF by 130.6% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 345,857 shares of the exchange traded fund’s stock worth $22,121,000 after acquiring an additional 195,857 shares during the last quarter.

iShares MSCI South Korea ETF Price Performance

NYSEARCA EWY opened at $57.59 on Friday. The company has a fifty day moving average price of $54.33 and a 200-day moving average price of $58.90. iShares MSCI South Korea ETF has a 1 year low of $50.74 and a 1 year high of $69.51. The firm has a market cap of $4.57 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.