SPX Gestao de Recursos Ltda Purchases New Holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ)

SPX Gestao de Recursos Ltda purchased a new stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,743 shares of the exchange traded fund’s stock, valued at approximately $1,412,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in iShares MSCI Brazil ETF by 35.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,920 shares of the exchange traded fund’s stock worth $201,000 after buying an additional 2,315 shares during the last quarter. Banco Santander S.A. lifted its holdings in iShares MSCI Brazil ETF by 203.7% during the 4th quarter. Banco Santander S.A. now owns 302,925 shares of the exchange traded fund’s stock worth $6,819,000 after buying an additional 203,191 shares during the last quarter. Raymond James Financial Inc. bought a new position in iShares MSCI Brazil ETF during the 4th quarter worth approximately $4,257,000. M&T Bank Corp bought a new position in iShares MSCI Brazil ETF during the 4th quarter worth approximately $542,000. Finally, SBI Securities Co. Ltd. bought a new position in iShares MSCI Brazil ETF during the 4th quarter worth approximately $608,000.

iShares MSCI Brazil ETF Trading Down 2.1 %

Shares of NYSEARCA EWZ opened at $24.30 on Tuesday. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 8.22 and a beta of 1.17. iShares MSCI Brazil ETF has a 12-month low of $22.26 and a 12-month high of $33.00. The stock’s 50 day simple moving average is $24.42 and its 200 day simple moving average is $26.57.

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).