GK Wealth Management LLC Makes New Investment in iShares MSCI Brazil ETF $EWZ

GK Wealth Management LLC acquired a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the second quarter, HoldingsChannel.com reports. The fund acquired 14,147 shares of the exchange traded fund’s stock, valued at approximately $488,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Thrivent Financial for Lutherans grew its stake in iShares MSCI Brazil ETF by 586.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 328,458 shares of the exchange traded fund’s stock valued at $10,486,000 after acquiring an additional 280,639 shares in the last quarter. Spectrum Asset Management Inc. NB CA lifted its stake in iShares MSCI Brazil ETF by 16.0% in the 4th quarter. Spectrum Asset Management Inc. NB CA now owns 95,984 shares of the exchange traded fund’s stock worth $3,060,000 after purchasing an additional 13,245 shares in the last quarter. Revisor Wealth Management LLC boosted its holdings in shares of iShares MSCI Brazil ETF by 359.6% during the 4th quarter. Revisor Wealth Management LLC now owns 34,990 shares of the exchange traded fund’s stock valued at $1,215,000 after purchasing an additional 27,377 shares during the last quarter. Cercano Management LLC bought a new position in shares of iShares MSCI Brazil ETF during the 4th quarter valued at about $15,598,000. Finally, Altfest L J & Co. Inc. bought a new position in shares of iShares MSCI Brazil ETF during the 4th quarter valued at about $4,718,000. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Down 0.9%

Shares of iShares MSCI Brazil ETF stock opened at $36.09 on Wednesday. iShares MSCI Brazil ETF has a twelve month low of $26.85 and a twelve month high of $42.02. The business has a 50-day moving average price of $35.07 and a 200-day moving average price of $36.91. The firm has a market cap of $9.14 billion, a price-to-earnings 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.