Royal Bank of Canada Acquires 316,188 Shares of iShares MSCI Brazil ETF $EWZ

Royal Bank of Canada grew its holdings in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 23.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,636,421 shares of the exchange traded fund’s stock after buying an additional 316,188 shares during the quarter. Royal Bank of Canada owned 0.56% of iShares MSCI Brazil ETF worth $62,823,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EWZ. Bank of Nova Scotia grew its position in iShares MSCI Brazil ETF by 10,490.4% in the first quarter. Bank of Nova Scotia now owns 5,507,028 shares of the exchange traded fund’s stock worth $211,416,000 after acquiring an additional 5,455,028 shares in the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. raised its position in iShares MSCI Brazil ETF by 1.5% during the first quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 3,951,900 shares of the exchange traded fund’s stock valued at $25,220,000 after purchasing an additional 57,100 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of iShares MSCI Brazil ETF by 12,304.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,119,561 shares of the exchange traded fund’s stock valued at $119,760,000 after purchasing an additional 3,094,413 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of iShares MSCI Brazil ETF in the 1st quarter valued at approximately $108,733,000. Finally, SG Americas Securities LLC boosted its holdings in shares of iShares MSCI Brazil ETF by 645.6% in the 1st quarter. SG Americas Securities LLC now owns 2,344,250 shares of the exchange traded fund’s stock worth $89,996,000 after purchasing an additional 2,029,838 shares during the period. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

Shares of iShares MSCI Brazil ETF stock opened at $36.65 on Friday. The stock has a market cap of $9.28 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61. The stock has a 50 day moving average price of $35.08 and a 200-day moving average price of $36.83. iShares MSCI Brazil ETF has a one year low of $26.39 and a one year high of $42.02.

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.