19,347 Shares in iShares MSCI Brazil ETF $EWZ Acquired by Philadelphia Trust Co.

Philadelphia Trust Co. acquired a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 19,347 shares of the exchange traded fund’s stock, valued at approximately $721,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Polianta Ltd bought a new position in shares of iShares MSCI Brazil ETF in the second quarter valued at approximately $9,356,000. TD Waterhouse Canada Inc. boosted its position in shares of iShares MSCI Brazil ETF by 204.7% during the second quarter. TD Waterhouse Canada Inc. now owns 96,022 shares of the exchange traded fund’s stock valued at $3,281,000 after buying an additional 64,506 shares during the last quarter. Wellington Management Group LLP grew its holdings in iShares MSCI Brazil ETF by 45.7% during the second quarter. Wellington Management Group LLP now owns 1,797,317 shares of the exchange traded fund’s stock worth $62,007,000 after buying an additional 564,165 shares in the last quarter. Nilsine Partners LLC grew its holdings in iShares MSCI Brazil ETF by 9.5% during the second quarter. Nilsine Partners LLC now owns 228,895 shares of the exchange traded fund’s stock worth $7,897,000 after buying an additional 19,835 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in iShares MSCI Brazil ETF during the first quarter worth $3,065,000. 72.69% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Trading Down 1.4%

NYSEARCA EWZ opened at $32.15 on Wednesday. The firm has a market capitalization of $9.15 billion, a P/E ratio of 9.79 and a beta of 0.69. The business has a fifty day simple moving average of $37.92 and a 200 day simple moving average of $37.08. iShares MSCI Brazil ETF has a 12 month low of $30.72 and a 12 month high of $43.90.

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). 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.