Truist Financial Corp Invests $498,000 in iShares MSCI Brazil ETF $EWZ

Truist Financial Corp bought a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 17,251 shares of the exchange traded fund’s stock, valued at approximately $498,000.

Other institutional investors have also modified their holdings of the company. North Capital Inc. purchased a new stake in shares of iShares MSCI Brazil ETF during the 1st quarter worth about $26,000. WealthShield Partners LLC acquired a new position in iShares MSCI Brazil ETF during the 1st quarter worth approximately $37,000. NewEdge Advisors LLC lifted its position in iShares MSCI Brazil ETF by 819.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 1,500 shares in the last quarter. Parallel Advisors LLC lifted its position in iShares MSCI Brazil ETF by 60.0% during 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 in the last quarter. Finally, Blair William & Co. IL lifted its position in iShares MSCI Brazil ETF by 58.8% during the 1st quarter. Blair William & Co. IL now owns 2,700 shares of the exchange traded fund’s stock worth $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 Stock Performance

iShares MSCI Brazil ETF stock opened at $29.32 on Thursday. The stock’s 50 day moving average price is $29.48 and its 200 day moving average price is $27.91. The firm has a market capitalization of $5.67 billion, a PE ratio of 9.58 and a beta of 0.97. iShares MSCI Brazil ETF has a one year low of $22.26 and a one 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).