3EDGE Asset Management LP Purchases New Stake in iShares MSCI Brazil ETF $EWZ

3EDGE Asset Management LP acquired a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,503 shares of the exchange traded fund’s stock, valued at approximately $450,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Phoenix Financial Ltd. raised its holdings in shares of iShares MSCI Brazil ETF by 276.2% during the second quarter. Phoenix Financial Ltd. now owns 6,609,000 shares of the exchange traded fund’s stock worth $190,670,000 after purchasing an additional 4,852,250 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of iShares MSCI Brazil ETF by 13.8% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,540,907 shares of the exchange traded fund’s stock valued at $44,211,000 after buying an additional 186,332 shares during the period. Man Group plc grew its position in shares of iShares MSCI Brazil ETF by 7,362.6% during the 2nd quarter. Man Group plc now owns 1,392,230 shares of the exchange traded fund’s stock valued at $40,166,000 after buying an additional 1,373,574 shares during the last quarter. Armstrong Advisory Group Inc. raised its stake in iShares MSCI Brazil ETF by 1.5% during the third quarter. Armstrong Advisory Group Inc. now owns 1,260,232 shares of the exchange traded fund’s stock worth $39,067,000 after acquiring an additional 18,377 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in iShares MSCI Brazil ETF by 2.8% in the second quarter. JPMorgan Chase & Co. now owns 1,231,119 shares of the exchange traded fund’s stock worth $35,518,000 after acquiring an additional 33,457 shares during the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Up 2.7%

Shares of EWZ stock opened at $35.95 on Friday. The company has a market cap of $7.84 billion, a P/E ratio of 9.58 and a beta of 0.87. The business has a 50 day moving average of $32.73 and a two-hundred day moving average of $30.52. iShares MSCI Brazil ETF has a 52 week low of $23.05 and a 52 week high of $36.22.

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). 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.