State of Michigan Retirement System Makes New Investment in iShares MSCI Brazil ETF $EWZ

State of Michigan Retirement System acquired a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 538,350 shares of the exchange traded fund’s stock, valued at approximately $16,689,000. State of Michigan Retirement System owned about 0.28% of iShares MSCI Brazil ETF at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EWZ. Cullen Capital Management LLC acquired a new position in iShares MSCI Brazil ETF during the 3rd quarter valued at about $5,982,000. Truxt Investmentos Ltda. purchased a new stake in shares of iShares MSCI Brazil ETF during the third quarter worth about $25,000. Meridian Wealth Management LLC acquired a new position in shares of iShares MSCI Brazil ETF during the third quarter valued at about $270,000. Thrivent Financial for Lutherans boosted its stake in iShares MSCI Brazil ETF by 410.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 47,819 shares of the exchange traded fund’s stock worth $1,482,000 after purchasing an additional 38,458 shares in the last quarter. Finally, Nan Fung Trinity HK Ltd. grew its position in iShares MSCI Brazil ETF by 136.7% during the 3rd quarter. Nan Fung Trinity HK Ltd. now owns 2,005,000 shares of the exchange traded fund’s stock worth $62,155,000 after purchasing an additional 1,157,900 shares during the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Up 1.8%

Shares of iShares MSCI Brazil ETF stock opened at $37.56 on Friday. iShares MSCI Brazil ETF has a 12-month low of $23.05 and a 12-month high of $38.88. The firm’s 50 day simple moving average is $33.76 and its two-hundred day simple moving average is $31.29. The firm has a market capitalization of $8.87 billion, a price-to-earnings 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.