Sun Life Financial Inc. Sells 134,300 Shares of iShares MSCI South Korea ETF (NYSEARCA:EWY)

Sun Life Financial Inc. lessened its position in iShares MSCI South Korea ETF (NYSEARCA:EWY) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,271,473 shares of the exchange traded fund’s stock after selling 134,300 shares during the period. iShares MSCI South Korea ETF comprises 3.6% of Sun Life Financial Inc.’s portfolio, making the stock its 7th largest holding. Sun Life Financial Inc. owned approximately 1.60% of iShares MSCI South Korea ETF worth $64,705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EWY. Assetmark Inc. raised its holdings in iShares MSCI South Korea ETF by 6,375.0% in the 4th quarter. Assetmark Inc. now owns 777 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 765 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of iShares MSCI South Korea ETF in the fourth quarter valued at $41,000. Hara Capital LLC increased its stake in iShares MSCI South Korea ETF by 75.5% in the fourth quarter. Hara Capital LLC now owns 930 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 400 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in iShares MSCI South Korea ETF during the fourth quarter worth about $49,000. Finally, Mainstream Capital Management LLC acquired a new stake in iShares MSCI South Korea ETF in the 4th quarter worth about $145,000.

iShares MSCI South Korea ETF Price Performance

EWY opened at $51.25 on Friday. iShares MSCI South Korea ETF has a 12 month low of $50.74 and a 12 month high of $69.52. The business has a 50-day moving average of $55.65 and a two-hundred day moving average of $57.23. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 10.54 and a beta of 1.12.

iShares MSCI South Korea ETF 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.