ISHARES MSCI SOUTH KOREA ETF

The iShares MSCI South Korea ETF (EWY) picked up 10 brand-new institutional holders this quarter, and not a single one of its 29 tracked holders exited the position entirely — a genuinely one-directional quarter for a fund with $53.9 million in tracked institutional value. Lake Hills Wealth Management remains the largest holder at 20.6% of tracked value, and it added to its position (+6.7% in shares, to 54,866, +$4.75 million). The next two largest holders, MRA Advisory Group (17.9% of tracked value) and CoreCap Advisors (14.2%), both trimmed their share counts by roughly 12.6-12.8% — yet both saw the dollar value of their positions rise anyway, by $2.9 million and $2.3 million respectively, as the fund's price moved higher over the quarter. That pattern repeats across most of the holder list: Fiduciary Financial Group, Davenport & Co, Balefire, and MassMutual Private Wealth all cut share counts modestly while their position values still grew. Combined with the wave of new entrants — led by Heck Capital Advisors' $6.2 million position — the data describes a Korea ETF where even the holders trimming shares aren't losing conviction so much as banking gains, and where new institutional money is arriving faster than any existing money is leaving.