JPMorgan Chase & Co. Increases Holdings in iShares MSCI Brazil ETF $EWZ

JPMorgan Chase & Co. boosted its stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 71.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,110,619 shares of the exchange traded fund’s stock after purchasing an additional 879,500 shares during the period. JPMorgan Chase & Co.’s holdings in iShares MSCI Brazil ETF were worth $65,429,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Truxt Investmentos Ltda. acquired a new position in shares of iShares MSCI Brazil ETF during the third quarter worth about $25,000. Aberdeen Wealth Management LLC acquired a new position in iShares MSCI Brazil ETF during the 2nd quarter worth approximately $29,000. Private Trust Co. NA lifted its position in iShares MSCI Brazil ETF by 114.4% during the 3rd quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 572 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of iShares MSCI Brazil ETF by 143.5% in the second quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 775 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in iShares MSCI Brazil ETF by 388.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 970 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

iShares MSCI Brazil ETF stock opened at $39.47 on Wednesday. iShares MSCI Brazil ETF has a 12-month low of $23.05 and a 12-month high of $39.65. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87. The firm’s fifty day moving average price is $35.03 and its 200 day moving average price is $32.29.

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.