Spectrum Asset Management Inc. NB CA lessened its position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ – Free Report) by 77.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,534 shares of the exchange traded fund’s stock after selling 74,450 shares during the period. Spectrum Asset Management Inc. NB CA’s holdings in iShares MSCI Brazil ETF were worth $827,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in shares of iShares MSCI Brazil ETF by 645.6% in the 1st quarter. SG Americas Securities LLC now owns 2,344,250 shares of the exchange traded fund’s stock worth $89,996,000 after purchasing an additional 2,029,838 shares during the period. MKP Capital Management L.L.C. increased its position in iShares MSCI Brazil ETF by 3.0% during the 4th quarter. MKP Capital Management L.L.C. now owns 2,286,900 shares of the exchange traded fund’s stock worth $72,655,000 after purchasing an additional 66,900 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in iShares MSCI Brazil ETF by 19.2% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,218,204 shares of the exchange traded fund’s stock worth $70,457,000 after purchasing an additional 357,853 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares MSCI Brazil ETF by 71.4% in the third quarter. JPMorgan Chase & Co. now owns 2,110,619 shares of the exchange traded fund’s stock valued at $65,429,000 after buying an additional 879,500 shares during the period. Finally, FIL Ltd purchased a new position in iShares MSCI Brazil ETF in the fourth quarter valued at approximately $65,840,000. 72.69% of the stock is currently owned by institutional investors and hedge funds.
iShares MSCI Brazil ETF Stock Up 1.4%
Shares of EWZ stock opened at $34.67 on Friday. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61. iShares MSCI Brazil ETF has a fifty-two week low of $26.30 and a fifty-two week high of $42.02. The firm’s 50 day moving average price is $36.79 and its two-hundred day moving average price is $36.27.
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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