iShares MSCI Brazil ETF $EWZ Shares Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. increased its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 22.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 338,435 shares of the exchange traded fund’s stock after buying an additional 62,879 shares during the period. iShares MSCI Brazil ETF comprises 1.1% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 17th largest holding. Pekin Hardy Strauss Inc. owned approximately 0.18% of iShares MSCI Brazil ETF worth $9,764,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EWZ. Goldman Sachs Group Inc. raised its stake in iShares MSCI Brazil ETF by 64.6% during the first quarter. Goldman Sachs Group Inc. now owns 21,083,684 shares of the exchange traded fund’s stock worth $545,013,000 after purchasing an additional 8,271,979 shares during the period. Phoenix Financial Ltd. lifted its position in shares of iShares MSCI Brazil ETF by 276.2% during the second quarter. Phoenix Financial Ltd. now owns 6,609,000 shares of the exchange traded fund’s stock worth $190,670,000 after purchasing an additional 4,852,250 shares in the last quarter. New Vernon Capital Holdings II LLC acquired a new position in shares of iShares MSCI Brazil ETF in the first quarter worth about $156,653,000. Wellington Management Group LLP boosted its stake in shares of iShares MSCI Brazil ETF by 4,795.3% during the 1st quarter. Wellington Management Group LLP now owns 1,950,002 shares of the exchange traded fund’s stock valued at $50,408,000 after buying an additional 1,991,533 shares during the last quarter. Finally, Korea Investment CORP raised its stake 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 valued at $32,895,000 after purchasing an additional 209,710 shares in the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Down 0.2%

EWZ stock opened at $32.04 on Friday. The stock’s 50 day simple moving average is $30.28 and its 200 day simple moving average is $28.58. The firm has a market cap of $6.19 billion, a P/E ratio of 9.58 and a beta of 0.87. iShares MSCI Brazil ETF has a 12-month low of $22.26 and a 12-month high of $32.36.

iShares MSCI Brazil ETF 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).