Insigneo Advisory Services LLC Acquires 21,411 Shares of iShares MSCI Brazil ETF $EWZ

Insigneo Advisory Services LLC grew its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 39.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 75,788 shares of the exchange traded fund’s stock after buying an additional 21,411 shares during the quarter. Insigneo Advisory Services LLC’s holdings in iShares MSCI Brazil ETF were worth $2,349,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Truxt Investmentos Ltda. bought a new position in shares of iShares MSCI Brazil ETF in the third quarter worth about $25,000. Aberdeen Wealth Management LLC bought a new position in iShares MSCI Brazil ETF in the 2nd quarter valued at $29,000. Private Trust Co. NA increased its stake in shares of iShares MSCI Brazil ETF by 114.4% in the 3rd quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 572 shares during the period. First Horizon Advisors Inc. increased its stake 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 valued at $38,000 after buying an additional 775 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of iShares MSCI Brazil ETF by 388.0% during the third quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 970 shares during the last quarter. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Down 4.7%

Shares of EWZ opened at $36.82 on Wednesday. The stock’s fifty day simple moving average is $35.77 and its 200-day simple moving average is $32.66. The firm has a market capitalization of $8.69 billion, a PE 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.

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.