Polar Asset Management Partners Inc. Purchases New Position in iShares MSCI Brazil ETF $EWZ

Polar Asset Management Partners Inc. acquired a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 358,900 shares of the exchange traded fund’s stock, valued at approximately $11,126,000. Polar Asset Management Partners Inc. owned approximately 0.19% of iShares MSCI Brazil ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EWZ. MKP Capital Management L.L.C. acquired a new stake in shares of iShares MSCI Brazil ETF in the 3rd quarter valued at $68,820,000. JPMorgan Chase & Co. grew its holdings in shares of iShares MSCI Brazil ETF by 71.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,110,619 shares of the exchange traded fund’s stock worth $65,429,000 after purchasing an additional 879,500 shares during the last quarter. Nan Fung Trinity HK Ltd. increased its position in shares of iShares MSCI Brazil ETF by 136.7% during the 3rd quarter. Nan Fung Trinity HK Ltd. now owns 2,005,000 shares of the exchange traded fund’s stock worth $62,155,000 after purchasing an additional 1,157,900 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in iShares MSCI Brazil ETF by 20.7% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,860,351 shares of the exchange traded fund’s stock valued at $57,333,000 after purchasing an additional 319,444 shares during the last quarter. Finally, Man Group plc lifted its holdings in iShares MSCI Brazil ETF by 20.7% during the 3rd quarter. Man Group plc now owns 1,680,656 shares of the exchange traded fund’s stock valued at $52,100,000 after purchasing an additional 288,426 shares during the last quarter. 72.69% of the stock is owned by institutional investors.

iShares MSCI Brazil ETF Stock Down 1.2%

NYSEARCA:EWZ opened at $36.26 on Thursday. The firm has a market cap of $8.56 billion, a PE ratio of 9.58 and a beta of 0.87. iShares MSCI Brazil ETF has a 12 month low of $23.05 and a 12 month high of $39.69. The company’s 50-day moving average price is $36.79 and its two-hundred day moving average price is $33.26.

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.