SPX Gestao de Recursos Ltda Has $49.60 Million Stock Holdings in iShares MSCI Brazil ETF $EWZ

SPX Gestao de Recursos Ltda grew its stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 700.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,600,000 shares of the exchange traded fund’s stock after purchasing an additional 1,400,000 shares during the quarter. iShares MSCI Brazil ETF makes up approximately 4.1% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 4th biggest holding. SPX Gestao de Recursos Ltda’s holdings in iShares MSCI Brazil ETF were worth $49,600,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Truxt Investmentos Ltda. bought a new stake in iShares MSCI Brazil ETF in the third quarter valued at about $25,000. Aberdeen Wealth Management LLC bought a new position in iShares MSCI Brazil ETF during the 2nd quarter worth approximately $29,000. Private Trust Co. NA lifted its holdings in iShares MSCI Brazil ETF by 114.4% during the 3rd quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 572 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of iShares MSCI Brazil ETF by 143.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 775 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of iShares MSCI Brazil ETF by 388.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 970 shares during the last quarter. 72.69% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Trading Down 0.2%

EWZ stock opened at $36.28 on Friday. The firm has a market cap of $8.56 billion, a P/E 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 stock’s 50 day simple moving average is $36.07 and its 200 day simple moving average is $32.78.

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.