D.A. Davidson & CO. Makes New Investment in iShares MSCI Brazil ETF $EWZ

D.A. Davidson & CO. bought a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 61,188 shares of the exchange traded fund’s stock, valued at approximately $2,349,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EWZ. SG Americas Securities LLC boosted its position in iShares MSCI Brazil ETF by 645.6% during the first quarter. SG Americas Securities LLC now owns 2,344,250 shares of the exchange traded fund’s stock worth $89,996,000 after purchasing an additional 2,029,838 shares in the last quarter. MKP Capital Management L.L.C. raised its stake in shares of iShares MSCI Brazil ETF by 3.0% during the 4th quarter. MKP Capital Management L.L.C. now owns 2,286,900 shares of the exchange traded fund’s stock worth $72,655,000 after buying an additional 66,900 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of iShares MSCI Brazil ETF by 19.2% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,218,204 shares of the exchange traded fund’s stock valued at $70,457,000 after buying an additional 357,853 shares in the last quarter. FIL Ltd purchased a new position in shares of iShares MSCI Brazil ETF during the 4th quarter valued at approximately $65,840,000. Finally, OLD Mission Capital LLC grew its stake in iShares MSCI Brazil ETF by 316.5% in the 4th quarter. OLD Mission Capital LLC now owns 1,926,675 shares of the exchange traded fund’s stock valued at $61,210,000 after acquiring an additional 1,464,112 shares during the period. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

NYSEARCA:EWZ opened at $35.48 on Tuesday. The company has a fifty day moving average of $35.21 and a two-hundred day moving average of $36.64. The stock has a market capitalization of $8.98 billion, a PE ratio of 9.58 and a beta of 0.61. iShares MSCI Brazil ETF has a fifty-two week low of $26.30 and a fifty-two week high of $42.02.

iShares MSCI Brazil ETF 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.