Simplex Trading LLC Makes New $19.02 Million Investment in iShares MSCI Brazil ETF $EWZ

Simplex Trading LLC purchased a new position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 510,468 shares of the exchange traded fund’s stock, valued at approximately $19,015,000. Simplex Trading LLC owned 0.17% of iShares MSCI Brazil ETF at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia boosted its stake 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. Allspring Global Investments Holdings LLC grew its holdings in 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 in the last quarter. Bessemer Group Inc. bought a new stake in shares of iShares MSCI Brazil ETF during the first quarter valued at about $108,733,000. Royal Bank of Canada increased its position in shares of iShares MSCI Brazil ETF by 23.9% during the first quarter. Royal Bank of Canada now owns 1,636,421 shares of the exchange traded fund’s stock valued at $62,823,000 after buying an additional 316,188 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of 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 valued at $62,007,000 after buying an additional 564,165 shares during the period. 72.69% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Trading Up 2.0%

Shares of iShares MSCI Brazil ETF stock opened at $32.61 on Tuesday. iShares MSCI Brazil ETF has a 12-month low of $30.72 and a 12-month high of $43.90. The company has a market cap of $9.43 billion, a price-to-earnings ratio of 9.58 and a beta of 0.66. The company’s 50-day moving average price is $38.00 and its 200-day moving average price is $37.09.

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.