Apollon Wealth Management LLC Purchases New Position in iShares MSCI Brazil ETF $EWZ

Apollon Wealth Management LLC bought a new position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the 1st quarter, Holdings Channel.com reports. The firm bought 23,928 shares of the exchange traded fund’s stock, valued at approximately $919,000.

A number of other large investors have also modified their holdings of the stock. FIL Ltd purchased a new position in iShares MSCI Brazil ETF in the 4th quarter valued at about $65,840,000. SG Americas Securities LLC increased its position in shares of iShares MSCI Brazil ETF by 645.6% during the first quarter. SG Americas Securities LLC now owns 2,344,250 shares of the exchange traded fund’s stock worth $89,996,000 after acquiring an additional 2,029,838 shares during the last quarter. Two Sigma Investments LP increased its position in shares of iShares MSCI Brazil ETF by 9,552.4% during the third quarter. Two Sigma Investments LP now owns 1,585,218 shares of the exchange traded fund’s stock worth $49,142,000 after acquiring an additional 1,568,795 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of iShares MSCI Brazil ETF in the fourth quarter worth about $48,228,000. Finally, OLD Mission Capital LLC lifted its stake in shares of iShares MSCI Brazil ETF by 316.5% in the fourth quarter. OLD Mission Capital LLC now owns 1,926,675 shares of the exchange traded fund’s stock worth $61,210,000 after acquiring an additional 1,464,112 shares in the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

Shares of NYSEARCA EWZ opened at $34.43 on Friday. iShares MSCI Brazil ETF has a fifty-two week low of $26.30 and a fifty-two week high of $42.02. The business has a 50 day moving average price of $36.13 and a two-hundred day moving average price of $36.32. The firm has a market cap of $9.05 billion, a PE ratio of 9.58 and a beta of 0.61.

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.