Cercano Management LLC Acquires Shares of 490,980 iShares MSCI Brazil ETF $EWZ

Cercano Management LLC purchased a new position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 490,980 shares of the exchange traded fund’s stock, valued at approximately $15,598,000. Cercano Management LLC owned about 0.21% of iShares MSCI Brazil ETF at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of EWZ. MKP Capital Management L.L.C. purchased a new position in shares of iShares MSCI Brazil ETF in the third quarter worth $68,820,000. Two Sigma Investments LP grew its holdings in shares of iShares MSCI Brazil ETF by 9,552.4% in the third quarter. Two Sigma Investments LP now owns 1,585,218 shares of the exchange traded fund’s stock worth $49,142,000 after acquiring an additional 1,568,795 shares during the period. SPX Gestao de Recursos Ltda grew its holdings in shares of iShares MSCI Brazil ETF by 700.0% in the third quarter. SPX Gestao de Recursos Ltda now owns 1,600,000 shares of the exchange traded fund’s stock worth $49,600,000 after acquiring an additional 1,400,000 shares during the period. Man Group plc grew its holdings in shares of iShares MSCI Brazil ETF by 7,362.6% in the second quarter. Man Group plc now owns 1,392,230 shares of the exchange traded fund’s stock worth $40,166,000 after acquiring an additional 1,373,574 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of iShares MSCI Brazil ETF by 71.4% in the third quarter. JPMorgan Chase & Co. now owns 2,110,619 shares of the exchange traded fund’s stock worth $65,429,000 after acquiring an additional 879,500 shares during the period. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

Shares of EWZ opened at $35.67 on Tuesday. iShares MSCI Brazil ETF has a one year low of $26.30 and a one year high of $42.02. The firm has a market capitalization of $10.41 billion, a P/E ratio of 9.58 and a beta of 0.65. The business has a fifty day moving average of $38.40 and a 200 day moving average of $36.13.

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.