Legacy Capital Group California Inc. Buys New Stake in iShares MSCI Brazil ETF $EWZ

Legacy Capital Group California Inc. bought a new stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the first quarter, HoldingsChannel reports. The institutional investor bought 16,942 shares of the exchange traded fund’s stock, valued at approximately $650,000.

A number of other large investors also recently added to or reduced their stakes in EWZ. Bleakley Financial Group LLC boosted its position in shares of iShares MSCI Brazil ETF by 31.2% during the first quarter. Bleakley Financial Group LLC now owns 121,177 shares of the exchange traded fund’s stock worth $4,652,000 after buying an additional 28,845 shares during the period. First Growth Capital LLC raised its holdings in shares of iShares MSCI Brazil ETF by 4.9% in the 1st quarter. First Growth Capital LLC now owns 14,683 shares of the exchange traded fund’s stock valued at $563,000 after buying an additional 680 shares during the period. Innealta Capital LLC raised its holdings in shares of iShares MSCI Brazil ETF by 482.8% in the 1st quarter. Innealta Capital LLC now owns 46,676 shares of the exchange traded fund’s stock valued at $1,792,000 after buying an additional 38,667 shares during the period. Diversify Wealth Management LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the 1st quarter valued at $1,756,000. Finally, Fifth Third Bancorp lifted its stake in iShares MSCI Brazil ETF by 7,504.0% during the 1st quarter. Fifth Third Bancorp now owns 3,802 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 3,752 shares in the last quarter. 72.69% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Price Performance

Shares of iShares MSCI Brazil ETF stock opened at $36.03 on Wednesday. The business has a 50-day moving average of $35.50 and a 200 day moving average of $36.53. iShares MSCI Brazil ETF has a 12 month low of $26.30 and a 12 month high of $42.02. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61.

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.