SPX Gestao de Recursos Ltda Buys New Stake in iShares MSCI Brazil ETF $EWZ

SPX Gestao de Recursos Ltda bought a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the first quarter, Holdings Channel reports. The fund bought 493,168 shares of the exchange traded fund’s stock, valued at approximately $18,933,000. iShares MSCI Brazil ETF accounts for 1.6% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 19th largest position.

Several other hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its position in iShares MSCI Brazil ETF by 12,304.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,119,561 shares of the exchange traded fund’s stock worth $119,760,000 after purchasing an additional 3,094,413 shares during the period. Bessemer Group Inc. purchased a new stake in iShares MSCI Brazil ETF in the 1st quarter worth approximately $108,733,000. FIL Ltd purchased a new stake in iShares MSCI Brazil ETF in the 4th quarter worth approximately $65,840,000. SG Americas Securities LLC grew its stake in shares of iShares MSCI Brazil ETF by 645.6% during the 1st quarter. SG Americas Securities LLC now owns 2,344,250 shares of the exchange traded fund’s stock worth $89,996,000 after purchasing an additional 2,029,838 shares during the period. Finally, Two Sigma Investments LP increased its holdings in shares of iShares MSCI Brazil ETF by 9,552.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,585,218 shares of the exchange traded fund’s stock valued at $49,142,000 after purchasing an additional 1,568,795 shares in the last quarter. 72.69% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Price Performance

EWZ opened at $35.23 on Friday. The firm has a fifty day moving average price of $35.27 and a 200 day moving average price of $36.58. iShares MSCI Brazil ETF has a 1 year low of $26.30 and a 1 year high of $42.02. The stock has a market cap of $8.92 billion, a P/E 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.