Glenorchy Capital Ltd Invests $8.37 Million in iShares MSCI Brazil ETF $EWZ

Glenorchy Capital Ltd acquired a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 270,108 shares of the exchange traded fund’s stock, valued at approximately $8,373,000. iShares MSCI Brazil ETF makes up 1.2% of Glenorchy Capital Ltd’s investment portfolio, making the stock its 4th biggest position. Glenorchy Capital Ltd owned about 0.14% of iShares MSCI Brazil ETF at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Aberdeen Wealth Management LLC acquired a new position in iShares MSCI Brazil ETF during the 2nd quarter valued at about $29,000. Private Trust Co. NA boosted 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 acquiring an additional 572 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of iShares MSCI Brazil ETF by 388.0% in the third quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 970 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of iShares MSCI Brazil ETF by 143.5% during the second quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 775 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in iShares MSCI Brazil ETF by 819.7% during the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

EWZ opened at $35.95 on Friday. The business has a 50 day moving average price of $32.73 and a two-hundred day moving average price of $30.52. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87. iShares MSCI Brazil ETF has a 1-year low of $23.05 and a 1-year high of $36.22.

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). 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.