SPX Gestao de Recursos Ltda Makes New $18.93 Million Investment in iShares MSCI Brazil ETF $EWZ

SPX Gestao de Recursos Ltda purchased a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 493,168 shares of the exchange traded fund’s stock, valued at approximately $18,933,000. iShares MSCI Brazil ETF makes up 1.6% of SPX Gestao de Recursos Ltda’s investment portfolio, making the stock its 19th biggest holding. SPX Gestao de Recursos Ltda owned about 0.17% of iShares MSCI Brazil ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EWZ. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 last quarter. Bessemer Group Inc. acquired a new position in shares of iShares MSCI Brazil ETF in the 1st quarter valued at $108,733,000. FIL Ltd purchased a new position in iShares MSCI Brazil ETF in the 4th quarter worth $65,840,000. SG Americas Securities LLC raised its stake in iShares MSCI Brazil ETF by 645.6% in the 1st quarter. SG Americas Securities LLC now owns 2,344,250 shares of the exchange traded fund’s stock worth $89,996,000 after acquiring an additional 2,029,838 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in iShares MSCI Brazil ETF by 9,552.4% in the 3rd quarter. Two Sigma Investments LP now owns 1,585,218 shares of the exchange traded fund’s stock worth $49,142,000 after acquiring an additional 1,568,795 shares during the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

Shares of EWZ opened at $35.23 on Friday. The stock has a 50-day moving average of $35.27 and a two-hundred day moving average of $36.58. The stock has a market cap of $8.92 billion, a P/E ratio of 9.58 and a beta of 0.61. iShares MSCI Brazil ETF has a one year low of $26.30 and a one year high of $42.02.

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.