Banque Pictet & Cie SA Grows Stock Position in iShares MSCI Brazil ETF $EWZ

Banque Pictet & Cie SA grew its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 19.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 244,395 shares of the exchange traded fund’s stock after acquiring an additional 39,969 shares during the quarter. Banque Pictet & Cie SA owned about 0.13% of iShares MSCI Brazil ETF worth $7,051,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. North Capital Inc. purchased a new position in shares of iShares MSCI Brazil ETF in the first quarter valued at approximately $26,000. Parallel Advisors LLC purchased a new position in shares of iShares MSCI Brazil ETF in the first quarter valued at approximately $28,000. WealthShield Partners LLC purchased a new position in shares of iShares MSCI Brazil ETF in the first quarter valued at approximately $37,000. NewEdge Advisors LLC lifted its position in shares of iShares MSCI Brazil ETF by 819.7% in the first 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 in the last quarter. Finally, Blair William & Co. IL lifted its position in shares of iShares MSCI Brazil ETF by 58.8% in the first quarter. Blair William & Co. IL now owns 2,700 shares of the exchange traded fund’s stock valued at $70,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

NYSEARCA EWZ opened at $30.73 on Friday. The company has a market cap of $5.72 billion, a PE ratio of 9.58 and a beta of 0.97. The stock’s 50 day simple moving average is $28.70 and its 200-day simple moving average is $27.56. iShares MSCI Brazil ETF has a 1-year low of $22.26 and a 1-year high of $31.46.

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).