Contravisory Investment Management Inc. Takes Position in iShares MSCI Brazil ETF $EWZ

Contravisory Investment Management Inc. acquired a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 17,104 shares of the exchange traded fund’s stock, valued at approximately $657,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in shares of iShares MSCI Brazil ETF by 16.7% during the 4th quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 293 shares during the period. 3EDGE Asset Management LP lifted its holdings in shares of iShares MSCI Brazil ETF by 2.6% in the fourth quarter. 3EDGE Asset Management LP now owns 14,885 shares of the exchange traded fund’s stock valued at $473,000 after buying an additional 382 shares during the period. Nwam LLC lifted its holdings in shares of iShares MSCI Brazil ETF by 2.2% in the fourth quarter. Nwam LLC now owns 18,410 shares of the exchange traded fund’s stock valued at $585,000 after buying an additional 397 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in iShares MSCI Brazil ETF by 2.2% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 20,069 shares of the exchange traded fund’s stock valued at $638,000 after buying an additional 423 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. boosted its stake in iShares MSCI Brazil ETF by 5.2% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 8,516 shares of the exchange traded fund’s stock valued at $271,000 after buying an additional 423 shares in the last quarter. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Up 1.0%

NYSEARCA:EWZ opened at $34.18 on Friday. The business’s 50-day moving average price is $36.93 and its 200 day moving average price is $36.28. iShares MSCI Brazil ETF has a 52-week low of $26.30 and a 52-week high of $42.02. The firm has a market cap of $9.97 billion, a P/E 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.