Contravisory Investment Management Inc. Makes New $657,000 Investment in iShares MSCI Brazil ETF $EWZ

Contravisory Investment Management Inc. purchased a new stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 17,104 shares of the exchange traded fund’s stock, valued at approximately $657,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Ameriflex Group Inc. grew its holdings in shares of iShares MSCI Brazil ETF by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 440 shares during the last quarter. NewEdge Advisors LLC increased its stake in iShares MSCI Brazil ETF by 819.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 1,500 shares in the last quarter. Parallel Advisors LLC increased its stake 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 purchasing an additional 293 shares in the last quarter. Kapitalo Investimentos Ltda raised its holdings in iShares MSCI Brazil ETF by 462.5% during the 4th 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. Finally, Triumph Capital Management purchased a new stake in iShares MSCI Brazil ETF during the third quarter valued at about $90,000. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

Shares of EWZ opened at $34.18 on Friday. iShares MSCI Brazil ETF has a one year low of $26.30 and a one year high of $42.02. The company has a 50-day moving average of $36.93 and a two-hundred day moving average of $36.28. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61.

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.