Quantitative Investment Management LLC Buys New Stake in iShares MSCI Brazil ETF $EWZ

Quantitative Investment Management LLC bought a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 306,667 shares of the exchange traded fund’s stock, valued at approximately $10,580,000. iShares MSCI Brazil ETF comprises 1.2% of Quantitative Investment Management LLC’s portfolio, making the stock its 14th largest position.

Other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake 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 purchasing an additional 1,500 shares during the period. Parallel Advisors LLC increased its position in iShares MSCI Brazil ETF by 16.7% in the 4th 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 period. Triumph Capital Management acquired a new position in shares of iShares MSCI Brazil ETF during the third quarter worth approximately $90,000. Waterford Advisors LLC acquired a new position in shares of iShares MSCI Brazil ETF during the fourth quarter worth approximately $117,000. Finally, AlphaCentric Advisors LLC bought a new stake in shares of iShares MSCI Brazil ETF in the fourth quarter valued at approximately $139,000. 72.69% of the stock is currently owned by institutional investors.

iShares MSCI Brazil ETF Stock Performance

Shares of EWZ stock opened at $35.55 on Monday. The firm has a market capitalization of $9.00 billion, a P/E ratio of 9.58 and a beta of 0.61. iShares MSCI Brazil ETF has a 1 year low of $28.66 and a 1 year high of $42.02. The firm’s fifty day simple moving average is $35.12 and its 200 day simple moving average is $36.72.

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.