Everstar Asset Management LLC Invests $766,000 in iShares MSCI Brazil ETF $EWZ

Everstar Asset Management LLC bought a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 19,941 shares of the exchange traded fund’s stock, valued at approximately $766,000.

Other hedge funds have also added to or reduced their stakes in the company. MKP Capital Management L.L.C. acquired a new stake in iShares MSCI Brazil ETF in the 3rd quarter valued at $68,820,000. FIL Ltd acquired a new position in shares of iShares MSCI Brazil ETF during the 4th quarter worth about $65,840,000. SG Americas Securities LLC boosted 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 buying an additional 2,029,838 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of iShares MSCI Brazil ETF by 9,552.4% in 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 acquiring an additional 1,568,795 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of iShares MSCI Brazil ETF in the 4th quarter valued at about $48,228,000. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

NYSEARCA:EWZ opened at $33.73 on Monday. iShares MSCI Brazil ETF has a 52-week low of $26.30 and a 52-week high of $42.02. The company has a market cap of $9.84 billion, a P/E ratio of 9.58 and a beta of 0.61. The stock’s 50-day simple moving average is $37.50 and its 200 day simple moving average is $36.28.

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.