GK Wealth Management LLC Takes $488,000 Position in iShares MSCI Brazil ETF $EWZ

GK Wealth Management LLC acquired a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,147 shares of the exchange traded fund’s stock, valued at approximately $488,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EWZ. Bank of Nova Scotia grew its position in iShares MSCI Brazil ETF by 10,490.4% in the 1st quarter. Bank of Nova Scotia now owns 5,507,028 shares of the exchange traded fund’s stock worth $211,416,000 after purchasing an additional 5,455,028 shares during the period. Dynamo Internacional Gestao DE Recursos LTDA. lifted its holdings in shares of iShares MSCI Brazil ETF by 1.5% during the 1st 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 buying an additional 57,100 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of iShares MSCI Brazil ETF by 12,304.8% during 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 buying an additional 3,094,413 shares during the period. Bessemer Group Inc. purchased a new position in shares of iShares MSCI Brazil ETF in the 1st quarter worth $108,733,000. Finally, SG Americas Securities LLC boosted its stake 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 buying an additional 2,029,838 shares during the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

Shares of EWZ opened at $36.09 on Wednesday. iShares MSCI Brazil ETF has a one year low of $26.85 and a one year high of $42.02. The firm has a market capitalization of $9.14 billion, a P/E ratio of 9.58 and a beta of 0.61. The business has a fifty day moving average of $35.07 and a 200 day moving average of $36.91.

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.