Parallel Advisors LLC Acquires 660 Shares of iShares MSCI Brazil ETF $EWZ

Parallel Advisors LLC raised its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 60.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,760 shares of the exchange traded fund’s stock after acquiring an additional 660 shares during the quarter. Parallel Advisors LLC’s holdings in iShares MSCI Brazil ETF were worth $51,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EWZ. Retirement Planning Co of New England Inc. boosted its stake in iShares MSCI Brazil ETF by 5.1% during the first quarter. Retirement Planning Co of New England Inc. now owns 9,589 shares of the exchange traded fund’s stock worth $248,000 after acquiring an additional 461 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in iShares MSCI Brazil ETF by 7.0% in the first quarter. PNC Financial Services Group Inc. now owns 9,540 shares of the exchange traded fund’s stock worth $247,000 after buying an additional 620 shares during the last quarter. North Capital Inc. purchased a new position in iShares MSCI Brazil ETF in the first quarter worth about $26,000. Blair William & Co. IL raised its holdings in 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 worth $70,000 after buying an additional 1,000 shares during the last quarter. Finally, Sharper & Granite LLC raised its holdings in iShares MSCI Brazil ETF by 10.0% in the first quarter. Sharper & Granite LLC now owns 13,250 shares of the exchange traded fund’s stock worth $343,000 after buying an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

Shares of iShares MSCI Brazil ETF stock opened at $30.73 on Friday. The stock has a market capitalization of $5.72 billion, a PE ratio of 9.58 and a beta of 0.97. iShares MSCI Brazil ETF has a 52-week low of $22.26 and a 52-week high of $31.46. The company has a 50-day simple moving average of $28.70 and a two-hundred day simple moving average of $27.56.

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).