Hamilton Wealth LLC Acquires 380,782 Shares of iShares MSCI Brazil ETF $EWZ

Hamilton Wealth LLC lifted its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 126.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 680,850 shares of the exchange traded fund’s stock after purchasing an additional 380,782 shares during the period. iShares MSCI Brazil ETF comprises approximately 1.9% of Hamilton Wealth LLC’s portfolio, making the stock its 16th largest holding. Hamilton Wealth LLC’s holdings in iShares MSCI Brazil ETF were worth $26,138,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of EWZ. Royal Bank of Canada grew its position in iShares MSCI Brazil ETF by 18.0% in the 1st quarter. Royal Bank of Canada now owns 344,041 shares of the exchange traded fund’s stock valued at $8,894,000 after acquiring an additional 52,532 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of iShares MSCI Brazil ETF by 819.7% during the first 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 during the last quarter. CW Advisors LLC bought a new stake in shares of iShares MSCI Brazil ETF during the second quarter worth $243,000. Cresset Asset Management LLC boosted its stake in shares of iShares MSCI Brazil ETF by 12.8% during the second quarter. Cresset Asset Management LLC now owns 22,430 shares of the exchange traded fund’s stock valued at $647,000 after purchasing an additional 2,541 shares during the period. Finally, Karpus Management Inc. boosted its stake in shares of iShares MSCI Brazil ETF by 21.0% during the second quarter. Karpus Management Inc. now owns 165,578 shares of the exchange traded fund’s stock valued at $4,777,000 after purchasing an additional 28,681 shares during the period. 72.69% of the stock is owned by institutional investors.

iShares MSCI Brazil ETF Trading Down 1.6%

NYSEARCA EWZ opened at $35.47 on Thursday. The stock has a market cap of $8.98 billion, a PE ratio of 9.58 and a beta of 0.61. iShares MSCI Brazil ETF has a 12 month low of $26.30 and a 12 month high of $42.02. The company’s 50-day moving average price is $35.08 and its 200-day moving average price is $36.81.

iShares MSCI Brazil ETF 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.