Quantitative Investment Management LLC Acquires New Position in iShares MSCI Brazil ETF $EWZ

Quantitative Investment Management LLC bought a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 306,667 shares of the exchange traded fund’s stock, valued at approximately $10,580,000. iShares MSCI Brazil ETF comprises approximately 1.2% of Quantitative Investment Management LLC’s investment portfolio, making the stock its 14th biggest holding. Quantitative Investment Management LLC owned approximately 0.12% of iShares MSCI Brazil ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Polianta Ltd acquired a new position in iShares MSCI Brazil ETF during the 2nd quarter worth $9,356,000. Thrivent Financial for Lutherans raised its stake in shares of iShares MSCI Brazil ETF by 586.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 328,458 shares of the exchange traded fund’s stock valued at $10,486,000 after purchasing an additional 280,639 shares in the last quarter. Empowered Funds LLC acquired a new stake in iShares MSCI Brazil ETF in the first quarter worth about $3,065,000. Cercano Management LLC bought a new position in iShares MSCI Brazil ETF in the 4th quarter valued at about $15,598,000. Finally, Randolph Co Inc acquired a new position in iShares MSCI Brazil ETF during the 1st quarter valued at about $33,390,000. 72.69% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Stock Performance

EWZ stock opened at $35.55 on Monday. The firm’s 50-day moving average is $35.12 and its two-hundred day moving average is $36.72. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61. iShares MSCI Brazil ETF has a 52 week low of $28.66 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.