Flax Pond Capital LLC Makes New $4.28 Million Investment in iShares MSCI Brazil ETF $EWZ

Flax Pond Capital LLC acquired a new stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the fourth quarter, Holdings Channel reports. The fund acquired 134,593 shares of the exchange traded fund’s stock, valued at approximately $4,276,000. iShares MSCI Brazil ETF comprises 3.2% of Flax Pond Capital LLC’s investment portfolio, making the stock its 9th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. MKP Capital Management L.L.C. bought a new stake in shares of iShares MSCI Brazil ETF during the third quarter valued at approximately $68,820,000. FIL Ltd bought a new position in shares of iShares MSCI Brazil ETF in the 4th quarter worth $65,840,000. Two Sigma Investments LP grew its position in iShares MSCI Brazil ETF by 9,552.4% in the 3rd quarter. Two Sigma Investments LP now owns 1,585,218 shares of the exchange traded fund’s stock valued at $49,142,000 after purchasing an additional 1,568,795 shares during the period. Wellington Management Group LLP acquired a new stake in iShares MSCI Brazil ETF in the 4th quarter valued at $48,228,000. Finally, OLD Mission Capital LLC increased its stake in iShares MSCI Brazil ETF by 316.5% during the 4th quarter. OLD Mission Capital LLC now owns 1,926,675 shares of the exchange traded fund’s stock valued at $61,210,000 after purchasing an additional 1,464,112 shares in the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

Shares of EWZ stock opened at $33.73 on Friday. The firm has a fifty day simple moving average of $37.50 and a two-hundred day simple moving average of $36.26. iShares MSCI Brazil ETF has a 12 month low of $26.30 and a 12 month high of $42.02. The firm has a market capitalization of $9.84 billion, a PE ratio of 9.58 and a beta of 0.61.

iShares MSCI Brazil ETF Company 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.