Spectrum Asset Management Inc. NB CA Takes Position in iShares MSCI Brazil ETF $EWZ

Spectrum Asset Management Inc. NB CA purchased a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 83,568 shares of the exchange traded fund’s stock, valued at approximately $2,411,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. North Capital Inc. bought a new stake in iShares MSCI Brazil ETF in the 1st quarter valued at about $26,000. Parallel Advisors LLC acquired a new stake in shares of iShares MSCI Brazil ETF in the first quarter valued at approximately $28,000. WealthShield Partners LLC bought a new stake in shares of iShares MSCI Brazil ETF in the first quarter valued at approximately $37,000. NewEdge Advisors LLC grew its position in iShares MSCI Brazil ETF by 819.7% during the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 1,500 shares in the last quarter. Finally, Blair William & Co. IL grew its position in iShares MSCI Brazil ETF by 58.8% during the first quarter. Blair William & Co. IL now owns 2,700 shares of the exchange traded fund’s stock worth $70,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

Shares of NYSEARCA EWZ opened at $29.68 on Wednesday. The stock has a market capitalization of $5.59 billion, a PE ratio of 9.58 and a beta of 0.97. The business has a fifty day moving average price of $29.19 and a two-hundred day moving average price of $27.79. iShares MSCI Brazil ETF has a fifty-two week low of $22.26 and a fifty-two week high of $31.46.

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).