SPX Gestao de Recursos Ltda Purchases 1,400,000 Shares of iShares MSCI Brazil ETF $EWZ

SPX Gestao de Recursos Ltda increased its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 700.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,600,000 shares of the exchange traded fund’s stock after purchasing an additional 1,400,000 shares during the quarter. iShares MSCI Brazil ETF accounts for 4.1% of SPX Gestao de Recursos Ltda’s portfolio, making the stock its 4th largest position. SPX Gestao de Recursos Ltda owned 0.83% of iShares MSCI Brazil ETF worth $49,600,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EWZ. Truxt Investmentos Ltda. acquired a new position in iShares MSCI Brazil ETF in the 3rd quarter worth $25,000. Aberdeen Wealth Management LLC acquired a new stake in shares of iShares MSCI Brazil ETF during the second quarter valued at about $29,000. Private Trust Co. NA increased its position in shares of iShares MSCI Brazil ETF by 114.4% during the third quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 572 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of iShares MSCI Brazil ETF by 143.5% during 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 lifted its stake in shares of iShares MSCI Brazil ETF by 388.0% in the third 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. 72.69% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Stock Performance

Shares of EWZ opened at $36.28 on Friday. iShares MSCI Brazil ETF has a one year low of $23.05 and a one year high of $39.69. The stock has a 50-day moving average price of $36.07 and a 200 day moving average price of $32.78. The company has a market capitalization of $8.56 billion, a P/E ratio of 9.58 and a beta of 0.87.

About iShares MSCI Brazil ETF

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.