3EDGE Asset Management LP Acquires Shares of 14,503 iShares MSCI Brazil ETF $EWZ

3EDGE Asset Management LP bought a new stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,503 shares of the exchange traded fund’s stock, valued at approximately $450,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Phoenix Financial Ltd. increased its stake in shares of iShares MSCI Brazil ETF by 276.2% in the second quarter. Phoenix Financial Ltd. now owns 6,609,000 shares of the exchange traded fund’s stock worth $190,670,000 after buying an additional 4,852,250 shares during the last quarter. Man Group plc grew its holdings in iShares MSCI Brazil ETF by 7,362.6% during the 2nd quarter. Man Group plc now owns 1,392,230 shares of the exchange traded fund’s stock worth $40,166,000 after acquiring an additional 1,373,574 shares in the last quarter. Caxton Associates LLP acquired a new position in iShares MSCI Brazil ETF during the 2nd quarter worth $30,788,000. Simplex Trading LLC increased its position in shares of iShares MSCI Brazil ETF by 1,006.5% in the 2nd quarter. Simplex Trading LLC now owns 955,457 shares of the exchange traded fund’s stock worth $27,564,000 after purchasing an additional 869,110 shares during the last quarter. Finally, Nan Fung Trinity HK Ltd. acquired a new stake in shares of iShares MSCI Brazil ETF in the 2nd quarter valued at about $24,439,000. 72.69% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Stock Performance

Shares of EWZ stock opened at $35.95 on Friday. The stock 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 one year low of $23.05 and a one year high of $36.22. The company’s 50-day simple moving average is $32.73 and its 200-day simple moving average is $30.52.

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.