Cibc World Market Inc. Grows Holdings in iShares MSCI Brazil ETF $EWZ

Cibc World Market Inc. grew its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 17.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 114,970 shares of the exchange traded fund’s stock after acquiring an additional 16,765 shares during the quarter. Cibc World Market Inc.’s holdings in iShares MSCI Brazil ETF were worth $3,653,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EWZ. Royal Bank of Canada increased its stake in iShares MSCI Brazil ETF by 18.0% in the first quarter. Royal Bank of Canada now owns 344,041 shares of the exchange traded fund’s stock worth $8,894,000 after purchasing an additional 52,532 shares during the period. NewEdge Advisors LLC increased its stake in iShares MSCI Brazil ETF by 819.7% in the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 1,500 shares during the period. CW Advisors LLC purchased a new stake in iShares MSCI Brazil ETF in the second quarter worth $243,000. Cresset Asset Management LLC increased its stake in iShares MSCI Brazil ETF by 12.8% in the second quarter. Cresset Asset Management LLC now owns 22,430 shares of the exchange traded fund’s stock worth $647,000 after purchasing an additional 2,541 shares during the period. Finally, Karpus Management Inc. increased its stake in iShares MSCI Brazil ETF by 21.0% in the second quarter. Karpus Management Inc. now owns 165,578 shares of the exchange traded fund’s stock worth $4,777,000 after purchasing an additional 28,681 shares during the period. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Down 0.9%

EWZ stock opened at $33.69 on Tuesday. The business’s fifty day simple moving average is $38.20 and its two-hundred day simple moving average is $36.18. iShares MSCI Brazil ETF has a twelve month low of $26.30 and a twelve month high of $42.02. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61.

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). 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.