Pekin Hardy Strauss Inc. Grows Stock Position in iShares MSCI Brazil ETF $EWZ

Pekin Hardy Strauss Inc. boosted its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 366,515 shares of the exchange traded fund’s stock after purchasing an additional 28,080 shares during the quarter. iShares MSCI Brazil ETF makes up 1.1% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 14th biggest holding. Pekin Hardy Strauss Inc.’s holdings in iShares MSCI Brazil ETF were worth $11,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Truxt Investmentos Ltda. purchased a new position in shares of iShares MSCI Brazil ETF in the 3rd quarter valued at about $25,000. Aberdeen Wealth Management LLC purchased a new stake in shares of iShares MSCI Brazil ETF during the second quarter worth approximately $29,000. Private Trust Co. NA raised its holdings in iShares MSCI Brazil ETF by 114.4% in the third quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 572 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in iShares MSCI Brazil ETF by 143.5% in the second quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 775 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in iShares MSCI Brazil ETF by 388.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 970 shares in the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Up 1.5%

Shares of NYSEARCA:EWZ opened at $38.61 on Friday. iShares MSCI Brazil ETF has a 52 week low of $23.05 and a 52 week high of $39.45. The company’s 50 day moving average is $34.65 and its two-hundred day moving average is $31.98. The company has a market cap of $9.11 billion, a PE ratio of 9.58 and a beta of 0.87.

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.