Belvedere Trading LLC Makes New Investment in iShares MSCI Brazil ETF $EWZ

Belvedere Trading LLC purchased a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the third quarter, Holdings Channel.com reports. The firm purchased 17,315 shares of the exchange traded fund’s stock, valued at approximately $537,000.

Several other large investors have also recently made changes to their positions in the business. Aberdeen Wealth Management LLC bought a new stake in shares of iShares MSCI Brazil ETF in the 2nd quarter worth approximately $29,000. Private Trust Co. NA raised its position in iShares MSCI Brazil ETF by 114.4% in the 3rd quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 572 shares during the period. First Horizon Advisors Inc. lifted its stake in iShares MSCI Brazil ETF by 143.5% in the second quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 775 shares during the last quarter. Farther Finance Advisors LLC boosted its position in iShares MSCI Brazil ETF by 388.0% during the third quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 970 shares during the period. Finally, NewEdge Advisors LLC boosted its position in iShares MSCI Brazil ETF by 819.7% during the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 1,500 shares during the period. 72.69% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Trading Down 0.4%

Shares of NYSEARCA:EWZ opened at $32.93 on Tuesday. The stock has a market capitalization of $6.89 billion, a P/E ratio of 9.58 and a beta of 0.87. The stock’s 50-day moving average price is $32.53 and its 200-day moving average price is $30.27. iShares MSCI Brazil ETF has a 12-month low of $22.63 and a 12-month high of $34.80.

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.