Bank of Nova Scotia Purchases 5,455,028 Shares of iShares MSCI Brazil ETF $EWZ

Bank of Nova Scotia boosted its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 10,490.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,507,028 shares of the exchange traded fund’s stock after buying an additional 5,455,028 shares during the quarter. Bank of Nova Scotia owned approximately 1.89% of iShares MSCI Brazil ETF worth $211,416,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. 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 during the last quarter. Parallel Advisors LLC grew its position in shares of iShares MSCI Brazil ETF by 16.7% in the fourth quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 293 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of iShares MSCI Brazil ETF in the third quarter valued at about $90,000. Waterford Advisors LLC bought a new position in shares of iShares MSCI Brazil ETF in the fourth quarter worth about $117,000. Finally, Fifth Third Bancorp increased its stake in shares of iShares MSCI Brazil ETF by 7,504.0% in the first quarter. Fifth Third Bancorp now owns 3,802 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 3,752 shares during the period. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

NYSEARCA EWZ opened at $36.17 on Friday. iShares MSCI Brazil ETF has a twelve month low of $26.30 and a twelve month high of $42.02. The stock has a market capitalization of $9.16 billion, a PE ratio of 9.58 and a beta of 0.61. The stock has a 50-day simple moving average of $35.13 and a 200 day simple moving average of $36.73.

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.