Centaurus Financial Inc. purchased a new position in iShares MSCI Brazil ETF (NYSEARCA:EWZ – Free Report) during the 1st quarter, HoldingsChannel reports. The fund purchased 52,167 shares of the exchange traded fund’s stock, valued at approximately $2,003,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in EWZ. Bank of Nova Scotia boosted its stake in iShares MSCI Brazil ETF by 10,490.4% during the first quarter. Bank of Nova Scotia now owns 5,507,028 shares of the exchange traded fund’s stock valued at $211,416,000 after buying an additional 5,455,028 shares during the period. Dynamo Internacional Gestao DE Recursos LTDA. increased its stake in iShares MSCI Brazil ETF by 1.5% in the 1st quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 3,951,900 shares of the exchange traded fund’s stock worth $25,220,000 after acquiring an additional 57,100 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of iShares MSCI Brazil ETF by 12,304.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,119,561 shares of the exchange traded fund’s stock valued at $119,760,000 after acquiring an additional 3,094,413 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of iShares MSCI Brazil ETF in the 1st quarter valued at about $108,733,000. Finally, SG Americas Securities LLC boosted its position in shares of iShares MSCI Brazil ETF by 645.6% during the 1st quarter. SG Americas Securities LLC now owns 2,344,250 shares of the exchange traded fund’s stock valued at $89,996,000 after acquiring an additional 2,029,838 shares during the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.
iShares MSCI Brazil ETF Trading Up 3.0%
Shares of NYSEARCA EWZ opened at $36.53 on Friday. iShares MSCI Brazil ETF has a 12 month low of $26.39 and a 12 month high of $42.02. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61. The business has a 50-day moving average of $35.07 and a 200-day moving average of $36.84.
About iShares MSCI Brazil ETF
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.
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