iShares MSCI Brazil ETF $EWZ Shares Purchased by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. increased its holdings in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 1.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,260,232 shares of the exchange traded fund’s stock after acquiring an additional 18,377 shares during the period. iShares MSCI Brazil ETF makes up about 2.8% of Armstrong Advisory Group Inc.’s portfolio, making the stock its 9th largest holding. Armstrong Advisory Group Inc. owned 0.67% of iShares MSCI Brazil ETF worth $39,067,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EWZ. Raymond James Financial Inc. grew its position in shares of iShares MSCI Brazil ETF by 36.4% in the first quarter. Raymond James Financial Inc. now owns 258,024 shares of the exchange traded fund’s stock valued at $6,670,000 after purchasing an additional 68,921 shares during the period. Korea Investment CORP grew its holdings in shares of iShares MSCI Brazil ETF by 19.7% during the first quarter. Korea Investment CORP now owns 1,272,530 shares of the exchange traded fund’s stock worth $32,895,000 after buying an additional 209,710 shares in the last quarter. Wellington Management Group LLP boosted its position in iShares MSCI Brazil ETF by 4,795.3% during the first quarter. Wellington Management Group LLP now owns 1,950,002 shares of the exchange traded fund’s stock worth $50,408,000 after acquiring an additional 1,991,533 shares during the last quarter. PGIM Custom Harvest LLC boosted its position in iShares MSCI Brazil ETF by 107.9% during the first quarter. PGIM Custom Harvest LLC now owns 50,479 shares of the exchange traded fund’s stock worth $1,305,000 after acquiring an additional 26,200 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in iShares MSCI Brazil ETF during the 1st quarter valued at about $1,043,000. 72.69% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Trading Down 1.9%

EWZ stock opened at $31.00 on Thursday. The firm has a 50-day moving average of $31.86 and a two-hundred day moving average of $29.73. iShares MSCI Brazil ETF has a 12 month low of $22.26 and a 12 month high of $34.80. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87.

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).