Cetera Investment Advisers has increased its stake in the iShares MSCI South Korea ETF (NYSEARCA: EWY) by 7.4% during the first quarter of 2023. According to the firm’s latest disclosure to the Securities & Exchange Commission, it now holds 8,895 shares of the ETF, following the acquisition of an additional 612 shares during this period. The value of Cetera’s holdings in the fund amounts to approximately $481,000.
Institutional investors are actively modifying their positions in the iShares MSCI South Korea ETF, reflecting broader market trends. For instance, Bank of America Corp DE significantly boosted its stake by 113.1% in the fourth quarter of 2022, now owning 2,012,789 shares valued at $102.4 million after purchasing an additional 1,068,280 shares.
Rafferty Asset Management LLC also increased its holdings by an impressive 280.4% during the same period. The firm now possesses 1,289,299 shares valued at $65.6 million after acquiring an additional 950,379 shares. Similarly, USS Investment Management Ltd raised its stake by 226.6%, bringing its total to 851,794 shares valued at $43.4 million.
D. E. Shaw & Co. Inc. raised its investment by 139.5%, now holding 893,742 shares valued at $45.5 million. Lastly, Barclays PLC made a substantial increase of 420.6%, acquiring 479,402 shares valued at $24.4 million.
As of now, institutional investors and hedge funds collectively own 49.22% of the iShares MSCI South Korea ETF. This growing interest from major financial players signals confidence in the ETF’s potential.
Analysing the performance of the iShares MSCI South Korea ETF, it opened at $73.39 on Monday. The ETF has experienced a 52-week low of $48.49 and a high of $74.96. Its 50-day moving average stands at $71.60, while the 200-day moving average is $61.75. The fund currently boasts a market capitalization of $5.27 billion, a price-to-earnings ratio of 10.35, and a beta of 1.05.
The iShares MSCI South Korea Capped ETF aims to provide investment results that generally correspond to the price and yield performance of the MSCI Korea 25/50 Index. This index includes stocks primarily traded on the Stock Market Division of the Korean Exchange, making it a key player for those looking to invest in South Korea’s dynamic market.
For those interested in further details about the iShares MSCI South Korea ETF, including additional holdings and insider trades, comprehensive resources are available through financial news platforms, providing insights into the latest developments and analyst ratings.
