Financiere des Professionnels Fonds d investissement inc. Takes Position in iShares MSCI Brazil ETF $EWZ

Financiere des Professionnels Fonds d investissement inc. acquired a new position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 50,000 shares of the exchange traded fund’s stock, valued at approximately $1,550,000.

Several other hedge funds also recently added to or reduced their stakes in EWZ. Aberdeen Wealth Management LLC purchased a new stake in iShares MSCI Brazil ETF in the second quarter valued at about $29,000. Private Trust Co. NA raised its position 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 valued at $33,000 after purchasing an additional 572 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of iShares MSCI Brazil ETF by 143.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 775 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in iShares MSCI Brazil ETF by 388.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 970 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in iShares MSCI Brazil ETF by 819.7% during the 1st 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 during the last quarter. 72.69% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Trading Up 1.4%

NYSEARCA EWZ opened at $32.20 on Friday. The company has a fifty day simple moving average of $32.32 and a two-hundred day simple moving average of $30.04. The stock has a market cap of $6.22 billion, a P/E ratio of 9.58 and a beta of 0.87. iShares MSCI Brazil ETF has a 12-month low of $22.41 and a 12-month high of $34.80.

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.