348,000 Shares in iShares MSCI Brazil ETF $EWZ Acquired by Pureheart Capital Pte Ltd.

Pureheart Capital Pte Ltd. acquired a new stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the second quarter, HoldingsChannel.com reports. The fund acquired 348,000 shares of the exchange traded fund’s stock, valued at approximately $10,040,000. iShares MSCI Brazil ETF accounts for about 1.7% of Pureheart Capital Pte Ltd.’s holdings, making the stock its 8th biggest position.

Several other institutional investors have also modified their holdings of EWZ. Cetera Investment Advisers raised its stake in iShares MSCI Brazil ETF by 31.8% in the first quarter. Cetera Investment Advisers now owns 21,097 shares of the exchange traded fund’s stock valued at $545,000 after buying an additional 5,093 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of iShares MSCI Brazil ETF by 7.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,540 shares of the exchange traded fund’s stock valued at $247,000 after acquiring an additional 620 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of iShares MSCI Brazil ETF by 36.4% during the 1st quarter. Raymond James Financial Inc. now owns 258,024 shares of the exchange traded fund’s stock worth $6,670,000 after acquiring an additional 68,921 shares in the last quarter. Korea Investment CORP boosted its holdings in iShares MSCI Brazil ETF by 19.7% in the first quarter. Korea Investment CORP now owns 1,272,530 shares of the exchange traded fund’s stock valued at $32,895,000 after purchasing an additional 209,710 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in iShares MSCI Brazil ETF by 4,795.3% in the first quarter. Wellington Management Group LLP now owns 1,950,002 shares of the exchange traded fund’s stock valued at $50,408,000 after purchasing an additional 1,991,533 shares during the last quarter. 72.69% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Trading Up 0.5%

Shares of NYSEARCA:EWZ opened at $33.32 on Monday. The firm has a 50 day simple moving average of $31.73 and a 200-day simple moving average of $29.65. iShares MSCI Brazil ETF has a twelve month low of $22.26 and a twelve month high of $34.80. The company has a market capitalization of $6.44 billion, a PE ratio of 9.58 and a beta of 0.87.

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).