OVERSEA CHINESE BANKING Corp Ltd Invests $4.33 Million in iShares MSCI Brazil ETF $EWZ

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 139,700 shares of the exchange traded fund’s stock, valued at approximately $4,329,000. OVERSEA CHINESE BANKING Corp Ltd owned about 0.07% of iShares MSCI Brazil ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EWZ. Royal Bank of Canada boosted its position in shares of 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 worth $8,894,000 after purchasing an additional 52,532 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in iShares MSCI Brazil ETF by 819.7% in the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 1,500 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of iShares MSCI Brazil ETF by 60.0% during the second quarter. Parallel Advisors LLC now owns 1,760 shares of the exchange traded fund’s stock worth $51,000 after acquiring an additional 660 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of iShares MSCI Brazil ETF during the second quarter valued at about $400,000. Finally, Polianta Ltd purchased a new position in shares of iShares MSCI Brazil ETF in the 2nd quarter valued at approximately $7,798,000. 72.69% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Stock Up 1.6%

EWZ stock opened at $33.16 on Thursday. The stock has a market capitalization of $6.94 billion, a PE ratio of 9.58 and a beta of 0.87. iShares MSCI Brazil ETF has a 52 week low of $23.05 and a 52 week high of $34.80. The firm has a 50 day moving average of $32.58 and a 200 day moving average of $30.32.

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.