Royal Bank of Canada increased its position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ – Free Report) by 23.9% in the first quarter, Holdings Channel.com reports. The firm owned 1,636,421 shares of the exchange traded fund’s stock after purchasing an additional 316,188 shares during the quarter. Royal Bank of Canada’s holdings in iShares MSCI Brazil ETF were worth $62,823,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in iShares MSCI Brazil ETF in the 1st quarter worth about $3,065,000. Dynamo Internacional Gestao DE Recursos LTDA. boosted its position in shares of iShares MSCI Brazil ETF by 1.5% during the first quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 3,951,900 shares of the exchange traded fund’s stock valued at $25,220,000 after buying an additional 57,100 shares during the period. Quantinno Capital Management LP purchased a new position in shares of iShares MSCI Brazil ETF during the first quarter valued at approximately $290,000. Whitebox Advisors LLC grew its stake in shares of iShares MSCI Brazil ETF by 299.1% during the first quarter. Whitebox Advisors LLC now owns 83,755 shares of the exchange traded fund’s stock valued at $3,215,000 after buying an additional 62,768 shares during the last quarter. Finally, SummitTX Capital L.P. bought a new position in shares of iShares MSCI Brazil ETF during the first quarter valued at approximately $242,000. 72.69% of the stock is currently owned by institutional investors.
iShares MSCI Brazil ETF Stock Performance
Shares of NYSEARCA EWZ opened at $36.65 on Friday. The business’s 50 day moving average price is $35.08 and its 200-day moving average price is $36.83. iShares MSCI Brazil ETF has a fifty-two week low of $26.39 and a fifty-two week high of $42.02. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61.
iShares MSCI Brazil ETF Company 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.
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