Bank of Nova Scotia Buys 5,455,028 Shares of iShares MSCI Brazil ETF $EWZ

Bank of Nova Scotia grew its stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 10,490.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,507,028 shares of the exchange traded fund’s stock after purchasing an additional 5,455,028 shares during the period. Bank of Nova Scotia’s holdings in iShares MSCI Brazil ETF were worth $211,416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EWZ. Thrivent Financial for Lutherans boosted its stake in shares of iShares MSCI Brazil ETF by 586.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 328,458 shares of the exchange traded fund’s stock valued at $10,486,000 after purchasing an additional 280,639 shares during the last quarter. Matauro LLC raised its stake in shares of iShares MSCI Brazil ETF by 55.9% during the fourth quarter. Matauro LLC now owns 80,100 shares of the exchange traded fund’s stock worth $2,545,000 after buying an additional 28,719 shares during the last quarter. Spectrum Asset Management Inc. NB CA raised its stake in shares of iShares MSCI Brazil ETF by 16.0% during the fourth quarter. Spectrum Asset Management Inc. NB CA now owns 95,984 shares of the exchange traded fund’s stock worth $3,060,000 after buying an additional 13,245 shares during the last quarter. Revisor Wealth Management LLC lifted its holdings in iShares MSCI Brazil ETF by 359.6% in the fourth quarter. Revisor Wealth Management LLC now owns 34,990 shares of the exchange traded fund’s stock valued at $1,215,000 after buying an additional 27,377 shares during the period. Finally, Cercano Management LLC bought a new position in shares of iShares MSCI Brazil ETF in the 4th quarter worth $15,598,000. 72.69% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Price Performance

Shares of EWZ stock opened at $36.17 on Friday. The stock has a market cap of $9.16 billion, a PE ratio of 9.58 and a beta of 0.61. The stock has a 50-day moving average of $35.13 and a 200-day moving average of $36.73. iShares MSCI Brazil ETF has a one year low of $26.30 and a one year high of $42.02.

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.