Philadelphia Trust Co. Purchases New Position in iShares MSCI Brazil ETF $EWZ

Philadelphia Trust Co. purchased a new position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,347 shares of the exchange traded fund’s stock, valued at approximately $721,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Polianta Ltd bought a new position in shares of iShares MSCI Brazil ETF in the 2nd quarter worth $9,356,000. TD Waterhouse Canada Inc. grew its position in iShares MSCI Brazil ETF by 204.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 96,022 shares of the exchange traded fund’s stock valued at $3,281,000 after purchasing an additional 64,506 shares during the period. Nilsine Partners LLC increased its stake in iShares MSCI Brazil ETF by 9.5% during the 2nd quarter. Nilsine Partners LLC now owns 228,895 shares of the exchange traded fund’s stock valued at $7,897,000 after purchasing an additional 19,835 shares in the last quarter. Wellington Management Group LLP increased its stake in iShares MSCI Brazil ETF by 45.7% during the 2nd quarter. Wellington Management Group LLP now owns 1,797,317 shares of the exchange traded fund’s stock valued at $62,007,000 after purchasing an additional 564,165 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in iShares MSCI Brazil ETF during the 1st quarter valued at $3,065,000. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Down 1.4%

EWZ opened at $32.15 on Wednesday. The company’s fifty day moving average price is $37.92 and its two-hundred day moving average price is $37.08. iShares MSCI Brazil ETF has a 1-year low of $30.72 and a 1-year high of $43.90. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 9.79 and a beta of 0.69.

iShares MSCI Brazil ETF Company 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.