Phoenix Financial Ltd. Has $190.67 Million Stake in iShares MSCI Brazil ETF $EWZ

Phoenix Financial Ltd. increased its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 276.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,609,000 shares of the exchange traded fund’s stock after purchasing an additional 4,852,250 shares during the period. iShares MSCI Brazil ETF accounts for 2.5% of Phoenix Financial Ltd.’s investment portfolio, making the stock its 9th largest holding. Phoenix Financial Ltd.’s holdings in iShares MSCI Brazil ETF were worth $190,670,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Retirement Planning Co of New England Inc. boosted its holdings in iShares MSCI Brazil ETF by 5.1% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 9,589 shares of the exchange traded fund’s stock worth $248,000 after buying an additional 461 shares during the period. PNC Financial Services Group Inc. lifted its stake in iShares MSCI Brazil ETF by 7.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,540 shares of the exchange traded fund’s stock worth $247,000 after purchasing an additional 620 shares in the last quarter. Parallel Advisors LLC boosted its holdings in iShares MSCI Brazil ETF by 60.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,760 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 660 shares during the period. Perigon Wealth Management LLC boosted its holdings in iShares MSCI Brazil ETF by 9.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 9,472 shares of the exchange traded fund’s stock valued at $273,000 after purchasing an additional 803 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in iShares MSCI Brazil ETF by 92.0% in the 2nd quarter. Harbour Investments Inc. now owns 1,784 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 855 shares during the period. 72.69% of the stock is owned by institutional investors.

iShares MSCI Brazil ETF Price Performance

Shares of NYSEARCA:EWZ opened at $30.22 on Tuesday. The firm has a fifty day moving average price of $29.59 and a two-hundred day moving average price of $28.02. iShares MSCI Brazil ETF has a one year low of $22.26 and a one year high of $31.46. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 9.58 and a beta of 0.97.

iShares MSCI Brazil ETF Profile

iShares MSCI Brazil Capped Index Fund (the Fund), formerly iShares MSCI Brazil Index Fund, seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Brazilian market, as measured by the MSCI Brazil Index (the Index).