Pekin Hardy Strauss Inc. Increases Stock Holdings in iShares MSCI Brazil ETF $EWZ

Pekin Hardy Strauss Inc. grew its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 22.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 338,435 shares of the exchange traded fund’s stock after acquiring an additional 62,879 shares during the quarter. iShares MSCI Brazil ETF accounts for approximately 1.1% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 17th largest holding. Pekin Hardy Strauss Inc.’s holdings in iShares MSCI Brazil ETF were worth $9,764,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EWZ. WealthShield Partners LLC purchased a new stake in iShares MSCI Brazil ETF during the 1st quarter worth approximately $37,000. First Horizon Advisors Inc. grew its holdings in shares of iShares MSCI Brazil ETF by 143.5% during the second quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 775 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of iShares MSCI Brazil ETF by 819.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 1,500 shares during the period. Parallel Advisors LLC raised its stake 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 worth $51,000 after acquiring an additional 660 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in iShares MSCI Brazil ETF by 92.0% during the 2nd quarter. Harbour Investments Inc. now owns 1,784 shares of the exchange traded fund’s stock worth $51,000 after acquiring an additional 855 shares during the period. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

NYSEARCA:EWZ opened at $32.04 on Friday. The firm has a market capitalization of $6.19 billion, a P/E ratio of 9.58 and a beta of 0.87. The company’s fifty day moving average price is $30.28 and its 200-day moving average price is $28.58. iShares MSCI Brazil ETF has a 1-year low of $22.26 and a 1-year high of $32.36.

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).