406,162 Shares of iShares MSCI Brazil ETF $EWZ Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. acquired a new stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the 3rd quarter, Holdings Channel reports. The fund acquired 406,162 shares of the exchange traded fund’s stock, valued at approximately $15,130,000. iShares MSCI Brazil ETF accounts for about 1.3% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 10th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Nova Scotia boosted its holdings in shares of 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 valued at $211,416,000 after acquiring an additional 5,455,028 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in iShares MSCI Brazil ETF by 12,304.8% during the first 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 iShares MSCI Brazil ETF in the first quarter valued at $108,733,000. Royal Bank of Canada increased its holdings in iShares MSCI Brazil ETF by 23.9% in 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 in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of iShares MSCI Brazil ETF by 45.7% in the second quarter. Wellington Management Group LLP now owns 1,797,317 shares of the exchange traded fund’s stock worth $62,007,000 after acquiring an additional 564,165 shares during the period. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

Shares of iShares MSCI Brazil ETF stock opened at $31.76 on Friday. The firm has a 50-day simple moving average of $38.13 and a two-hundred day simple moving average of $37.11. iShares MSCI Brazil ETF has a fifty-two week low of $30.72 and a fifty-two week high of $43.90. The company has a market cap of $9.42 billion, a P/E ratio of 9.58 and a beta of 0.66.

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.