Bank Julius Baer & Co. Ltd Zurich Increases Position in iShares MSCI Brazil ETF $EWZ

Bank Julius Baer & Co. Ltd Zurich lifted its stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,042,334 shares of the exchange traded fund’s stock after acquiring an additional 86,099 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in iShares MSCI Brazil ETF were worth $33,115,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Moneco Advisors LLC acquired a new stake in iShares MSCI Brazil ETF in the fourth quarter valued at approximately $793,000. Meridian Wealth Management LLC increased its position in shares of iShares MSCI Brazil ETF by 6.2% during the fourth quarter. Meridian Wealth Management LLC now owns 9,243 shares of the exchange traded fund’s stock worth $294,000 after purchasing an additional 543 shares in the last quarter. Nwam LLC lifted its holdings in shares of iShares MSCI Brazil ETF by 2.2% during the 4th quarter. Nwam LLC now owns 18,410 shares of the exchange traded fund’s stock valued at $585,000 after purchasing an additional 397 shares during the last quarter. Cairn Investment Group Inc. boosted its position in shares of iShares MSCI Brazil ETF by 0.5% in the 4th quarter. Cairn Investment Group Inc. now owns 286,860 shares of the exchange traded fund’s stock worth $9,114,000 after purchasing an additional 1,390 shares in the last quarter. Finally, Vawter Financial Ltd. acquired a new stake in shares of iShares MSCI Brazil ETF in the 4th quarter worth $240,000. 72.69% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Price Performance

Shares of EWZ stock opened at $37.13 on Friday. The stock’s fifty day moving average price is $38.49 and its 200 day moving average price is $35.74. iShares MSCI Brazil ETF has a 1-year low of $26.30 and a 1-year high of $42.02. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 9.58 and a beta of 0.65.

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). 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.