Absolute Gestao de Investimentos Ltda. Purchases 802,594 Shares of iShares MSCI Brazil ETF $EWZ

Absolute Gestao de Investimentos Ltda. grew its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 585.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 939,581 shares of the exchange traded fund’s stock after buying an additional 802,594 shares during the quarter. iShares MSCI Brazil ETF accounts for 4.1% of Absolute Gestao de Investimentos Ltda.’s holdings, making the stock its 7th largest holding. Absolute Gestao de Investimentos Ltda. owned approximately 0.32% of iShares MSCI Brazil ETF worth $36,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings 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 purchasing an additional 1,500 shares during the period. Parallel Advisors LLC boosted its stake in shares of iShares MSCI Brazil ETF by 16.7% in the 4th quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $65,000 after buying an additional 293 shares during the period. Kapitalo Investimentos Ltda grew its position in shares of iShares MSCI Brazil ETF by 462.5% during the fourth quarter. Kapitalo Investimentos Ltda now owns 900,000 shares of the exchange traded fund’s stock worth $72,000 after buying an additional 740,000 shares in the last quarter. Triumph Capital Management acquired a new position in shares of iShares MSCI Brazil ETF during the third quarter worth about $90,000. Finally, Waterford Advisors LLC purchased a new stake in shares of iShares MSCI Brazil ETF during the fourth quarter worth approximately $117,000. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Down 1.2%

Shares of iShares MSCI Brazil ETF stock opened at $35.73 on Friday. iShares MSCI Brazil ETF has a 52-week low of $26.30 and a 52-week high of $42.02. The company has a 50 day moving average of $35.12 and a 200 day moving average of $36.72. The company has a market capitalization of $9.05 billion, a P/E ratio of 9.58 and a beta of 0.61.

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.