Y Intercept Hong Kong Ltd Invests $4.18 Million in iShares MSCI Brazil ETF $EWZ

Y Intercept Hong Kong Ltd bought a new position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 144,778 shares of the exchange traded fund’s stock, valued at approximately $4,177,000.

Several other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of iShares MSCI Brazil ETF by 64.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,083,684 shares of the exchange traded fund’s stock worth $545,013,000 after acquiring an additional 8,271,979 shares in the last quarter. Phoenix Financial Ltd. raised its position in shares of iShares MSCI Brazil ETF by 276.2% in the 2nd quarter. Phoenix Financial Ltd. now owns 6,609,000 shares of the exchange traded fund’s stock worth $190,670,000 after acquiring an additional 4,852,250 shares in the last quarter. New Vernon Capital Holdings II LLC bought a new position in shares of iShares MSCI Brazil ETF in the 1st quarter worth approximately $156,653,000. Wellington Management Group LLP raised its position in shares of iShares MSCI Brazil ETF by 4,795.3% in the 1st quarter. Wellington Management Group LLP now owns 1,950,002 shares of the exchange traded fund’s stock worth $50,408,000 after acquiring an additional 1,991,533 shares in the last quarter. Finally, Korea Investment CORP raised its position in shares of iShares MSCI Brazil ETF by 19.7% in the 1st quarter. Korea Investment CORP now owns 1,272,530 shares of the exchange traded fund’s stock worth $32,895,000 after acquiring an additional 209,710 shares in the last quarter. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

Shares of NYSEARCA:EWZ opened at $30.92 on Wednesday. iShares MSCI Brazil ETF has a 52-week low of $22.26 and a 52-week high of $31.46. The firm has a market capitalization of $5.98 billion, a P/E ratio of 9.58 and a beta of 0.87. The stock has a 50 day moving average price of $29.88 and a 200-day moving average price of $28.28.

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).