Sumitomo Mitsui Trust Group Inc. Has $1.98 Million Stake in iShares MSCI Brazil ETF $EWZ

Sumitomo Mitsui Trust Group Inc. raised its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 95.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,870 shares of the exchange traded fund’s stock after acquiring an additional 31,200 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares MSCI Brazil ETF were worth $1,980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EWZ. Royal Bank of Canada lifted its stake in iShares MSCI Brazil ETF by 18.0% in the 1st quarter. Royal Bank of Canada now owns 344,041 shares of the exchange traded fund’s stock valued at $8,894,000 after purchasing an additional 52,532 shares during the last quarter. NewEdge Advisors LLC raised its stake in 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 buying an additional 1,500 shares during the period. Parallel Advisors LLC lifted its position in shares of iShares MSCI Brazil ETF by 60.0% in the second quarter. Parallel Advisors LLC now owns 1,760 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 660 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of iShares MSCI Brazil ETF in the second quarter valued at approximately $400,000. Finally, Cobblestone Asset Management LLC bought a new position in shares of iShares MSCI Brazil ETF during the 2nd quarter worth approximately $1,858,000. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Down 0.6%

EWZ stock opened at $33.17 on Monday. iShares MSCI Brazil ETF has a 1-year low of $23.05 and a 1-year high of $34.80. The business’s 50 day simple moving average is $32.63 and its 200 day simple moving average is $30.40. The firm has a market capitalization of $7.08 billion, a PE ratio of 9.58 and a beta of 0.87.

iShares MSCI Brazil ETF Company 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.