Moneco Advisors LLC Purchases Shares of 24,953 iShares MSCI Brazil ETF $EWZ

Moneco Advisors LLC purchased a new stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 24,953 shares of the exchange traded fund’s stock, valued at approximately $793,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Meridian Wealth Management LLC lifted its holdings in iShares MSCI Brazil ETF by 6.2% in the 4th quarter. Meridian Wealth Management LLC now owns 9,243 shares of the exchange traded fund’s stock valued at $294,000 after acquiring an additional 543 shares during the last quarter. Nwam LLC lifted its holdings in iShares MSCI Brazil ETF by 2.2% in the 4th quarter. Nwam LLC now owns 18,410 shares of the exchange traded fund’s stock valued at $585,000 after acquiring an additional 397 shares during the last quarter. Cairn Investment Group Inc. lifted its holdings in iShares MSCI Brazil ETF by 0.5% in the 4th quarter. Cairn Investment Group Inc. now owns 286,860 shares of the exchange traded fund’s stock valued at $9,114,000 after acquiring an additional 1,390 shares during the last quarter. Vawter Financial Ltd. acquired a new stake in iShares MSCI Brazil ETF in the 4th quarter valued at about $240,000. Finally, Mutual Advisors LLC acquired a new stake in iShares MSCI Brazil ETF in the 4th quarter valued at about $229,000. 72.69% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Trading Up 1.0%

Shares of NYSEARCA EWZ opened at $37.13 on Friday. iShares MSCI Brazil ETF has a twelve month low of $26.30 and a twelve month high of $42.02. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 9.58 and a beta of 0.65. The firm has a 50-day moving average of $38.49 and a two-hundred day moving average of $35.74.

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.