Gemmer Asset Management 13F: New $2.1M Stake in EWY

Gemmer Asset Management has taken a new position in the iShares MSCI South Korea ETF (EWY). In a filing on October 16, 2026, the firm reported acquiring 11,723 shares, which are valued at approximately $2.14 million. This marks a brand-new stake for the fund.

What Changed in Gemmer Asset Management's Position

Gemmer Asset Management opened a new position in the iShares MSCI South Korea ETF (EWY) with the purchase of 11,723 shares. This is the fund's first involvement with this ETF, and it reflects a significant commitment to investing in the South Korean market through this exchange-traded fund.

iShares MSCI South Korea ETF Stock Down 5.3%

As of October 16, 2026, the iShares MSCI South Korea ETF is recently trading around $151.32. This price is about 15.6% below its 50-day moving average of $179.23 and approximately 5.4% below its 200-day average of $159.92. Additionally, the ETF is down 31.5% from its 52-week high of $220.89, but it remains 74.1% above its 52-week low of $86.90.

Recent Earnings

The iShares MSCI South Korea ETF has a trailing P/E ratio of 8.90, which suggests it may be relatively undervalued compared to other international ETFs. The fund also offers a dividend yield of 1.11%, appealing to investors looking for income alongside potential capital appreciation.

Analysts Set New Price Targets

No recent analyst ratings or price targets have been issued for the iShares MSCI South Korea ETF at this time.

About iShares MSCI South Korea ETF

The iShares MSCI South Korea ETF seeks to track the performance of large- and mid-cap companies in South Korea. By investing at least 80% of its assets in the component securities of its underlying index, the fund offers a diversified exposure to the South Korean equity market. This new position by Gemmer Asset Management could indicate a growing interest in the South Korean economy and its market potential.

Bottom Line

Investors will be watching how Gemmer Asset Management's new position in the iShares MSCI South Korea ETF evolves. As the fund filed this position as of October 16, 2026, it's important to note that these holdings may not fully represent the current position of the investor. Future updates from the firm may provide further insights into their investment strategy and the performance of the ETF. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.