iShares MSCI Brazil ETF (NYSEARCA:EWZ) Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management increased its holdings in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 27.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 65,022 shares of the exchange traded fund’s stock after buying an additional 14,070 shares during the period. Picton Mahoney Asset Management’s holdings in iShares MSCI Brazil ETF were worth $1,681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. North Capital Inc. bought a new position in shares of iShares MSCI Brazil ETF in the first quarter valued at approximately $26,000. Parallel Advisors LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the 1st quarter valued at approximately $28,000. Bellwether Advisors LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the 4th quarter valued at approximately $46,000. Westside Investment Management Inc. purchased a new stake in iShares MSCI Brazil ETF in the 1st quarter worth approximately $76,000. Finally, IFP Advisors Inc lifted its position in iShares MSCI Brazil ETF by 104.2% in the 1st quarter. IFP Advisors Inc now owns 3,135 shares of the exchange traded fund’s stock worth $81,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Up 0.9%

iShares MSCI Brazil ETF stock opened at $26.76 on Wednesday. The company has a market capitalization of $4.98 billion, a P/E ratio of 9.58 and a beta of 0.97. The firm’s fifty day simple moving average is $27.83 and its 200-day simple moving average is $26.34. iShares MSCI Brazil ETF has a 1-year low of $22.26 and a 1-year high of $31.14.

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).