OVERSEA CHINESE BANKING Corp Ltd Acquires New Shares in iShares MSCI Brazil ETF $EWZ

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 139,700 shares of the exchange traded fund’s stock, valued at approximately $4,329,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Aberdeen Wealth Management LLC acquired a new stake in shares of iShares MSCI Brazil ETF during the 2nd quarter worth about $29,000. Private Trust Co. NA lifted its holdings in shares of iShares MSCI Brazil ETF by 114.4% in the 3rd quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 572 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of iShares MSCI Brazil ETF by 143.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 775 shares during the period. Farther Finance Advisors LLC raised its position in iShares MSCI Brazil ETF by 388.0% in the third quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 970 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in iShares MSCI Brazil ETF by 819.7% during 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 in the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Up 1.6%

EWZ opened at $33.16 on Thursday. iShares MSCI Brazil ETF has a 52 week low of $23.05 and a 52 week high of $34.80. The business has a fifty day simple moving average of $32.58 and a 200-day simple moving average of $30.32. The firm has a market cap of $6.94 billion, a P/E ratio of 9.58 and a beta of 0.87.

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.