Diversify Wealth Management LLC Invests $1.76 Million in iShares MSCI Brazil ETF $EWZ

Diversify Wealth Management LLC bought a new stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,431 shares of the exchange traded fund’s stock, valued at approximately $1,756,000.

Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC lifted its position in iShares MSCI Brazil ETF by 819.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 1,500 shares in the last quarter. Parallel Advisors LLC grew its holdings in iShares MSCI Brazil ETF by 16.7% during the 4th quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock worth $65,000 after acquiring an additional 293 shares during the last quarter. Triumph Capital Management acquired a new stake in iShares MSCI Brazil ETF in the 3rd quarter valued at about $90,000. Waterford Advisors LLC acquired a new stake in iShares MSCI Brazil ETF in the 4th quarter valued at about $117,000. Finally, Fifth Third Bancorp increased its position in iShares MSCI Brazil ETF by 7,504.0% in the 1st quarter. Fifth Third Bancorp now owns 3,802 shares of the exchange traded fund’s stock valued at $146,000 after acquiring an additional 3,752 shares in the last quarter. 72.69% of the stock is owned by institutional investors.

iShares MSCI Brazil ETF Trading Up 1.8%

Shares of NYSEARCA EWZ opened at $36.03 on Wednesday. iShares MSCI Brazil ETF has a 1-year low of $26.30 and a 1-year high of $42.02. The company has a 50-day moving average of $35.50 and a two-hundred day moving average of $36.53. The company has a market cap of $9.24 billion, a PE ratio of 9.58 and a beta of 0.61.

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). 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.