Armstrong Advisory Group Inc. Has $40.56 Million Stake in iShares MSCI Brazil ETF $EWZ

Armstrong Advisory Group Inc. boosted its holdings in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 1.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,276,599 shares of the exchange traded fund’s stock after acquiring an additional 16,367 shares during the quarter. iShares MSCI Brazil ETF accounts for approximately 2.7% of Armstrong Advisory Group Inc.’s portfolio, making the stock its 10th largest position. Armstrong Advisory Group Inc.’s holdings in iShares MSCI Brazil ETF were worth $40,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EWZ. Truxt Investmentos Ltda. bought a new position in shares of iShares MSCI Brazil ETF during the 3rd quarter worth approximately $25,000. Ameriflex Group Inc. increased its holdings in shares of iShares MSCI Brazil ETF by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 440 shares during the last quarter. Aberdeen Wealth Management LLC bought a new stake in iShares MSCI Brazil ETF in the 2nd quarter valued at $29,000. Private Trust Co. NA raised its stake 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 valued at $33,000 after acquiring an additional 572 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in iShares MSCI Brazil ETF by 388.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 970 shares during the last quarter. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

NYSEARCA EWZ opened at $35.06 on Friday. The firm has a 50-day moving average of $36.90 and a 200-day moving average of $33.35. The stock has a market cap of $8.28 billion, a PE ratio of 9.58 and a beta of 0.87. iShares MSCI Brazil ETF has a 52-week low of $23.05 and a 52-week high of $39.69.

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.