Cercano Management LLC Purchases New Position in iShares MSCI Brazil ETF $EWZ

Cercano Management LLC purchased a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 490,980 shares of the exchange traded fund’s stock, valued at approximately $15,598,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EWZ. MKP Capital Management L.L.C. raised its position in iShares MSCI Brazil ETF by 3.0% during the fourth quarter. MKP Capital Management L.L.C. now owns 2,286,900 shares of the exchange traded fund’s stock valued at $72,655,000 after purchasing an additional 66,900 shares during the period. Black Swift Group LLC raised its holdings in shares of iShares MSCI Brazil ETF by 0.3% in the fourth quarter. Black Swift Group LLC now owns 363,495 shares of the exchange traded fund’s stock worth $11,558,000 after buying an additional 1,060 shares during the period. Bearing Point Capital LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the fourth quarter worth approximately $355,000. Rock Creek Group LP purchased a new stake in shares of iShares MSCI Brazil ETF in the fourth quarter worth approximately $351,000. Finally, Valence8 US LP raised its holdings in shares of iShares MSCI Brazil ETF by 2.4% in the fourth quarter. Valence8 US LP now owns 100,479 shares of the exchange traded fund’s stock worth $3,192,000 after buying an additional 2,318 shares during the period. 72.69% of the stock is owned by institutional investors.

iShares MSCI Brazil ETF Stock Performance

Shares of NYSEARCA EWZ opened at $35.67 on Tuesday. The business’s 50 day moving average price is $38.40 and its 200-day moving average price is $36.13. iShares MSCI Brazil ETF has a fifty-two week low of $26.30 and a fifty-two week high of $42.02. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 9.58 and a beta of 0.65.

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.