Ping Capital Management Inc. Increases Stake in iShares MSCI Brazil ETF $EWZ

Ping Capital Management Inc. increased its position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 38.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,800 shares of the exchange traded fund’s stock after acquiring an additional 73,800 shares during the quarter. iShares MSCI Brazil ETF comprises about 1.9% of Ping Capital Management Inc.’s investment portfolio, making the stock its 10th largest position. Ping Capital Management Inc.’s holdings in iShares MSCI Brazil ETF were worth $7,668,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. North Capital Inc. acquired a new position in shares of iShares MSCI Brazil ETF during the first quarter valued at $26,000. Parallel Advisors LLC acquired a new position in shares of iShares MSCI Brazil ETF during the first quarter valued at $28,000. WealthShield Partners LLC acquired a new position in shares of iShares MSCI Brazil ETF during the first quarter valued at $37,000. NewEdge Advisors LLC lifted its stake 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 valued at $44,000 after acquiring an additional 1,500 shares during the period. Finally, Blair William & Co. IL lifted its stake in shares of iShares MSCI Brazil ETF by 58.8% during the first quarter. Blair William & Co. IL now owns 2,700 shares of the exchange traded fund’s stock valued at $70,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Down 1.1%

Shares of EWZ opened at $30.24 on Friday. iShares MSCI Brazil ETF has a 12-month low of $22.26 and a 12-month high of $31.46. The firm has a market capitalization of $5.56 billion, a PE ratio of 9.58 and a beta of 0.97. The stock’s fifty day simple moving average is $28.99 and its 200-day simple moving average is $27.71.

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).