406,162 Shares in iShares MSCI Brazil ETF $EWZ Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. acquired a new position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 406,162 shares of the exchange traded fund’s stock, valued at approximately $15,130,000. iShares MSCI Brazil ETF makes up about 1.3% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 10th biggest holding. Pekin Hardy Strauss Inc. owned approximately 0.13% of iShares MSCI Brazil ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC bought a new stake in shares of iShares MSCI Brazil ETF in the 3rd quarter valued at about $1,274,000. SFI Advisors LLC bought a new position in shares of iShares MSCI Brazil ETF during the third quarter valued at approximately $304,000. City of London Investment Management Co. Ltd. bought a new position in shares of iShares MSCI Brazil ETF during the third quarter valued at approximately $28,226,000. Integrity Alliance LLC. bought a new stake in iShares MSCI Brazil ETF during the 3rd quarter valued at $1,119,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of iShares MSCI Brazil ETF in the 3rd quarter valued at $2,391,000. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Down 1.5%

EWZ opened at $31.76 on Friday. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 9.58 and a beta of 0.66. iShares MSCI Brazil ETF has a 12 month low of $30.72 and a 12 month high of $43.90. The stock has a fifty day moving average price of $38.13 and a 200-day moving average price of $37.11.

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.