Hsbc Holdings PLC Purchases 68,470 Shares of iShares MSCI Brazil ETF $EWZ

Hsbc Holdings PLC increased its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 112.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 129,523 shares of the exchange traded fund’s stock after acquiring an additional 68,470 shares during the period. Hsbc Holdings PLC’s holdings in iShares MSCI Brazil ETF were worth $4,122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. boosted its position in shares of iShares MSCI Brazil ETF by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 440 shares during the last quarter. NewEdge Advisors LLC lifted its stake in iShares MSCI Brazil ETF by 819.7% in the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 1,500 shares during the period. Parallel Advisors LLC lifted its stake in iShares MSCI Brazil ETF by 16.7% in the fourth quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $65,000 after buying an additional 293 shares during the period. Kapitalo Investimentos Ltda grew its position in shares of iShares MSCI Brazil ETF by 462.5% during the 4th quarter. Kapitalo Investimentos Ltda now owns 900,000 shares of the exchange traded fund’s stock worth $72,000 after buying an additional 740,000 shares during the period. Finally, Triumph Capital Management acquired a new position in shares of iShares MSCI Brazil ETF during the 3rd quarter worth about $90,000. 72.69% of the stock is owned by institutional investors.

iShares MSCI Brazil ETF Price Performance

Shares of EWZ stock opened at $34.96 on Friday. The stock has a market cap of $9.08 billion, a PE ratio of 9.58 and a beta of 0.61. The stock has a 50-day moving average of $35.71 and a 200-day moving average of $36.44. iShares MSCI Brazil ETF has a one year low of $26.30 and a one year high of $42.02.

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.