Apollon Wealth Management LLC Purchases New Shares in iShares MSCI Brazil ETF $EWZ

Apollon Wealth Management LLC purchased a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 23,928 shares of the exchange traded fund’s stock, valued at approximately $919,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Armstrong Advisory Group Inc. lifted its position in iShares MSCI Brazil ETF by 1.3% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,276,599 shares of the exchange traded fund’s stock worth $40,558,000 after acquiring an additional 16,367 shares during the period. Quinn Opportunity Partners LLC increased its holdings in shares of iShares MSCI Brazil ETF by 175.0% in the third quarter. Quinn Opportunity Partners LLC now owns 220,000 shares of the exchange traded fund’s stock valued at $6,820,000 after purchasing an additional 140,000 shares during the period. Black Swift Group LLC raised its stake in shares of iShares MSCI Brazil ETF by 17.4% during the third quarter. Black Swift Group LLC now owns 362,435 shares of the exchange traded fund’s stock worth $11,235,000 after purchasing an additional 53,590 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of iShares MSCI Brazil ETF by 586.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 328,458 shares of the exchange traded fund’s stock worth $10,486,000 after purchasing an additional 280,639 shares during the last quarter. Finally, Picton Mahoney Asset Management raised its stake in shares of iShares MSCI Brazil ETF by 61.0% during the third quarter. Picton Mahoney Asset Management now owns 77,372 shares of the exchange traded fund’s stock worth $2,399,000 after purchasing an additional 29,310 shares during the last quarter. 72.69% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Price Performance

Shares of NYSEARCA:EWZ opened at $34.43 on Friday. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61. The firm’s 50-day simple moving average is $36.13 and its 200-day simple moving average is $36.32. 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 Company 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.