Legacy Capital Group California Inc. Buys Shares of 16,942 iShares MSCI Brazil ETF $EWZ

Legacy Capital Group California Inc. purchased a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 16,942 shares of the exchange traded fund’s stock, valued at approximately $650,000.

A number of other large investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its stake in 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. MKP Capital Management L.L.C. raised its position in iShares MSCI Brazil ETF by 3.0% in the fourth quarter. MKP Capital Management L.L.C. now owns 2,286,900 shares of the exchange traded fund’s stock valued at $72,655,000 after purchasing an additional 66,900 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of iShares MSCI Brazil ETF by 19.2% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,218,204 shares of the exchange traded fund’s stock valued at $70,457,000 after purchasing an additional 357,853 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI Brazil ETF by 71.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,110,619 shares of the exchange traded fund’s stock valued at $65,429,000 after purchasing an additional 879,500 shares during the last quarter. Finally, FIL Ltd purchased a new position in shares of iShares MSCI Brazil ETF during the 4th quarter worth $65,840,000. 72.69% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Trading Up 1.8%

Shares of NYSEARCA:EWZ opened at $36.03 on Wednesday. The business has a 50-day moving average price of $35.50 and a 200 day moving average price of $36.53. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61. iShares MSCI Brazil ETF has a 12-month low of $26.30 and a 12-month high of $42.02.

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.