Marex Group plc Takes Position in iShares MSCI Brazil ETF $EWZ

Marex Group plc bought a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 25,836 shares of the exchange traded fund’s stock, valued at approximately $745,000.

Other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC lifted its position in iShares MSCI Brazil ETF by 42.9% during the 2nd quarter. Advisory Services Network LLC now owns 15,174 shares of the exchange traded fund’s stock worth $403,000 after buying an additional 4,559 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in iShares MSCI Brazil ETF by 320.7% during the second quarter. Geneos Wealth Management Inc. now owns 83,031 shares of the exchange traded fund’s stock worth $2,395,000 after acquiring an additional 63,296 shares in the last quarter. Caxton Associates LLP acquired a new position in iShares MSCI Brazil ETF during the second quarter valued at approximately $30,788,000. Evergreen Capital Management LLC grew its stake in iShares MSCI Brazil ETF by 5.2% in the second quarter. Evergreen Capital Management LLC now owns 327,118 shares of the exchange traded fund’s stock valued at $9,437,000 after purchasing an additional 16,087 shares in the last quarter. Finally, Duquesne Family Office LLC acquired a new position in shares of iShares MSCI Brazil ETF during the 2nd quarter worth approximately $21,314,000. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Up 0.5%

NYSEARCA EWZ opened at $33.32 on Monday. iShares MSCI Brazil ETF has a 12 month low of $22.26 and a 12 month high of $34.80. The stock has a 50 day moving average of $31.73 and a 200-day moving average of $29.65. The company has a market cap of $6.44 billion, a PE ratio of 9.58 and a beta of 0.87.

iShares MSCI Brazil ETF Company 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).