Bleakley Financial Group LLC Raises Stock Position in iShares MSCI Brazil ETF $EWZ

Bleakley Financial Group LLC boosted its stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 37.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,432 shares of the exchange traded fund’s stock after purchasing an additional 19,015 shares during the period. Bleakley Financial Group LLC’s holdings in iShares MSCI Brazil ETF were worth $2,152,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of iShares MSCI Brazil ETF by 18.0% in the first quarter. Royal Bank of Canada now owns 344,041 shares of the exchange traded fund’s stock worth $8,894,000 after acquiring an additional 52,532 shares during the period. NewEdge Advisors LLC boosted its position 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 worth $44,000 after purchasing an additional 1,500 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of iShares MSCI Brazil ETF during the 2nd quarter valued at about $225,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of iShares MSCI Brazil ETF by 152.9% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 32,670 shares of the exchange traded fund’s stock valued at $943,000 after purchasing an additional 19,750 shares during the last quarter. Finally, Leavell Investment Management Inc. bought a new position in shares of iShares MSCI Brazil ETF in the 2nd quarter worth approximately $204,000. 72.69% of the stock is owned by institutional investors.

iShares MSCI Brazil ETF Trading Down 1.5%

EWZ opened at $38.77 on Tuesday. The company’s 50 day moving average is $34.87 and its 200 day moving average is $32.21. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87. iShares MSCI Brazil ETF has a 12-month low of $23.05 and a 12-month high of $39.65.

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.