iShares MSCI Brazil ETF $EWZ Shares Bought by Whitebox Advisors LLC

Whitebox Advisors LLC lifted its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 299.1% during the 1st quarter, HoldingsChannel reports. The fund owned 83,755 shares of the exchange traded fund’s stock after acquiring an additional 62,768 shares during the period. Whitebox Advisors LLC’s holdings in iShares MSCI Brazil ETF were worth $3,215,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. NewEdge Advisors LLC grew its holdings in iShares MSCI Brazil ETF by 819.7% in the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 1,500 shares during the period. Parallel Advisors LLC raised its stake in iShares MSCI Brazil ETF by 16.7% during the fourth quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 293 shares during the period. Kapitalo Investimentos Ltda raised its stake in iShares MSCI Brazil ETF by 462.5% during the fourth quarter. Kapitalo Investimentos Ltda now owns 900,000 shares of the exchange traded fund’s stock worth $72,000 after purchasing an additional 740,000 shares during the period. Triumph Capital Management acquired a new position in shares of iShares MSCI Brazil ETF in the 3rd quarter valued at $90,000. Finally, Waterford Advisors LLC acquired a new position in shares of iShares MSCI Brazil ETF in the 4th quarter valued at $117,000. 72.69% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Price Performance

Shares of NYSEARCA EWZ opened at $35.73 on Monday. The stock has a market capitalization of $9.05 billion, a PE ratio of 9.58 and a beta of 0.61. The firm has a fifty day moving average of $35.12 and a 200-day moving average of $36.75. iShares MSCI Brazil ETF has a 52-week low of $26.30 and a 52-week 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.