Allspring Global Investments Holdings LLC Increases Stock Position in iShares MSCI Brazil ETF $EWZ

Allspring Global Investments Holdings LLC increased its stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 12,304.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,119,561 shares of the exchange traded fund’s stock after acquiring an additional 3,094,413 shares during the period. Allspring Global Investments Holdings LLC owned about 1.07% of iShares MSCI Brazil ETF worth $119,760,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew 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 increased its stake 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 worth $65,000 after buying an additional 293 shares during the period. Triumph Capital Management bought a new stake in iShares MSCI Brazil ETF during the 3rd quarter valued at $90,000. Waterford Advisors LLC bought a new stake in iShares MSCI Brazil ETF during the 4th quarter valued at $117,000. Finally, Fifth Third Bancorp boosted its position in iShares MSCI Brazil ETF by 7,504.0% during the 1st quarter. Fifth Third Bancorp now owns 3,802 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 3,752 shares during the period. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

EWZ opened at $35.23 on Friday. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61. The business has a 50 day simple moving average of $35.27 and a two-hundred day simple moving average of $36.58. iShares MSCI Brazil ETF has a one year low of $26.30 and a one year high of $42.02.

iShares MSCI Brazil ETF Company 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.