iShares MSCI Brazil ETF $EWZ Shares Bought by Phoenix Financial Ltd.

Phoenix Financial Ltd. increased its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 276.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,609,000 shares of the exchange traded fund’s stock after buying an additional 4,852,250 shares during the period. iShares MSCI Brazil ETF accounts for approximately 2.5% of Phoenix Financial Ltd.’s investment portfolio, making the stock its 9th biggest holding. Phoenix Financial Ltd. owned about 3.55% of iShares MSCI Brazil ETF worth $190,670,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of iShares MSCI Brazil ETF by 6.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,800 shares of the exchange traded fund’s stock valued at $851,000 after buying an additional 1,900 shares during the period. LPL Financial LLC grew its stake in shares of iShares MSCI Brazil ETF by 108.1% in the 1st quarter. LPL Financial LLC now owns 340,928 shares of the exchange traded fund’s stock valued at $8,813,000 after buying an additional 177,069 shares during the period. Cypress Capital Group grew its stake in shares of iShares MSCI Brazil ETF by 152.9% in the 2nd quarter. Cypress Capital Group now owns 101,625 shares of the exchange traded fund’s stock valued at $2,932,000 after buying an additional 61,435 shares during the period. IFP Advisors Inc grew its stake in shares of iShares MSCI Brazil ETF by 104.2% in the 1st quarter. IFP Advisors Inc now owns 3,135 shares of the exchange traded fund’s stock valued at $81,000 after buying an additional 1,600 shares during the period. Finally, Truist Financial Corp acquired a new stake in shares of iShares MSCI Brazil ETF in the 2nd quarter valued at about $498,000. 72.69% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Price Performance

NYSEARCA:EWZ opened at $30.22 on Tuesday. The firm has a 50-day moving average of $29.59 and a 200-day moving average of $28.02. The company has a market cap of $5.84 billion, a PE ratio of 9.58 and a beta of 0.97. iShares MSCI Brazil ETF has a one year low of $22.26 and a one year high of $31.46.

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).