Moran Wealth Management LLC Acquires New Stake in iShares MSCI Brazil ETF $EWZ

Moran Wealth Management LLC acquired a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 317,665 shares of the exchange traded fund’s stock, valued at approximately $10,092,000. Moran Wealth Management LLC owned about 0.14% of iShares MSCI Brazil ETF at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EWZ. Truxt Investmentos Ltda. bought a new position in shares of iShares MSCI Brazil ETF during the third quarter valued at $25,000. Ameriflex Group Inc. boosted its stake in iShares MSCI Brazil ETF by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 440 shares in the last quarter. Private Trust Co. NA grew its position in iShares MSCI Brazil ETF by 114.4% during the 3rd quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 572 shares during the last quarter. Farther Finance Advisors LLC grew its position in iShares MSCI Brazil ETF by 388.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 970 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in iShares MSCI Brazil ETF by 819.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 1,500 shares in the last quarter. 72.69% of the stock is owned by institutional investors.

iShares MSCI Brazil ETF Stock Performance

Shares of iShares MSCI Brazil ETF stock opened at $41.16 on Friday. The stock has a market capitalization of $11.26 billion, a PE ratio of 9.58 and a beta of 0.69. iShares MSCI Brazil ETF has a 52-week low of $24.94 and a 52-week high of $42.02. The company has a 50-day simple moving average of $38.22 and a two-hundred day simple moving average of $34.54.

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). The Index seeks to measure the performance of the Brazilian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.