Abbington Investment Group Invests $1.81 Million in iShares MSCI Brazil ETF $EWZ

Abbington Investment Group purchased a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 58,239 shares of the exchange traded fund’s stock, valued at approximately $1,805,000. iShares MSCI Brazil ETF comprises approximately 1.5% of Abbington Investment Group’s portfolio, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Global Retirement Partners LLC boosted its stake in iShares MSCI Brazil ETF by 11.0% in the third quarter. Global Retirement Partners LLC now owns 3,975 shares of the exchange traded fund’s stock worth $123,000 after purchasing an additional 395 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of iShares MSCI Brazil ETF by 114.4% in the third quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 572 shares during 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 buying an additional 660 shares in the last quarter. Sharper & Granite LLC lifted its position in iShares MSCI Brazil ETF by 5.5% during the 2nd quarter. Sharper & Granite LLC now owns 13,975 shares of the exchange traded fund’s stock worth $404,000 after buying an additional 725 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in iShares MSCI Brazil ETF by 143.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 775 shares during the last quarter. 72.69% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Trading Up 0.6%

EWZ opened at $32.88 on Friday. iShares MSCI Brazil ETF has a 1-year low of $22.61 and a 1-year high of $34.80. The stock has a market capitalization of $6.88 billion, a PE ratio of 9.58 and a beta of 0.87. The firm has a 50-day moving average price of $32.47 and a two-hundred day moving average price of $30.17.

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). 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.