Hamilton Wealth LLC Raises Position in iShares MSCI Brazil ETF $EWZ

Hamilton Wealth LLC grew its stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 126.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 680,850 shares of the exchange traded fund’s stock after purchasing an additional 380,782 shares during the period. iShares MSCI Brazil ETF makes up about 1.9% of Hamilton Wealth LLC’s portfolio, making the stock its 16th biggest position. Hamilton Wealth LLC owned about 0.23% of iShares MSCI Brazil ETF worth $26,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. NewEdge Advisors LLC raised its holdings in iShares MSCI Brazil ETF by 819.7% during the 1st 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 position 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 worth $65,000 after buying an additional 293 shares during the last quarter. Kapitalo Investimentos Ltda boosted its stake in iShares MSCI Brazil ETF by 462.5% during the fourth 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. Triumph Capital Management purchased a new position in iShares MSCI Brazil ETF during the third quarter worth $90,000. Finally, Waterford Advisors LLC bought a new position in iShares MSCI Brazil ETF during the fourth quarter valued at $117,000. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Down 1.6%

Shares of EWZ opened at $35.47 on Thursday. iShares MSCI Brazil ETF has a twelve month low of $26.30 and a twelve month high of $42.02. The company has a market cap of $8.98 billion, a P/E ratio of 9.58 and a beta of 0.61. The company’s fifty day simple moving average is $35.08 and its 200-day simple moving average is $36.81.

iShares MSCI Brazil ETF 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.