Allspring Global Investments Holdings LLC Boosts Stock Holdings in iShares MSCI Brazil ETF $EWZ

Allspring Global Investments Holdings LLC grew its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 12,304.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,119,561 shares of the exchange traded fund’s stock after purchasing an additional 3,094,413 shares during the period. Allspring Global Investments Holdings LLC’s holdings in iShares MSCI Brazil ETF were worth $119,760,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Wealthfront Advisers LLC bought a new stake in shares of iShares MSCI Brazil ETF during the 1st quarter valued at about $280,000. D.A. Davidson & CO. bought a new position in shares of iShares MSCI Brazil ETF in the 1st quarter worth approximately $2,349,000. Bank of New York Mellon Corp boosted its holdings in shares of iShares MSCI Brazil ETF by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 108,961 shares of the exchange traded fund’s stock worth $4,183,000 after buying an additional 5,371 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of iShares MSCI Brazil ETF by 64.4% in the first quarter. Sanctuary Advisors LLC now owns 56,494 shares of the exchange traded fund’s stock worth $2,169,000 after buying an additional 22,138 shares during the last quarter. Finally, Sigma Planning Corp boosted its holdings in shares of iShares MSCI Brazil ETF by 13.5% in the first quarter. Sigma Planning Corp now owns 39,032 shares of the exchange traded fund’s stock worth $1,498,000 after buying an additional 4,643 shares during the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

Shares of iShares MSCI Brazil ETF stock opened at $35.23 on Friday. iShares MSCI Brazil ETF has a one year low of $26.30 and a one year high of $42.02. The stock’s fifty day moving average is $35.27 and its 200 day moving average is $36.58. The stock has a market cap of $8.92 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.