Advisors Management Group Inc. ADV Invests $1.66 Million in iShares MSCI Brazil ETF $EWZ

Advisors Management Group Inc. ADV acquired a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the first quarter, HoldingsChannel reports. The firm acquired 43,364 shares of the exchange traded fund’s stock, valued at approximately $1,664,000.

Other institutional investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. raised its holdings in shares of iShares MSCI Brazil ETF by 1.3% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,276,599 shares of the exchange traded fund’s stock valued at $40,558,000 after purchasing an additional 16,367 shares during the last quarter. Quinn Opportunity Partners LLC boosted its holdings in iShares MSCI Brazil ETF by 175.0% during the third quarter. Quinn Opportunity Partners LLC now owns 220,000 shares of the exchange traded fund’s stock worth $6,820,000 after purchasing an additional 140,000 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in 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. Matauro LLC grew its position in iShares MSCI Brazil ETF by 55.9% in the fourth quarter. Matauro LLC now owns 80,100 shares of the exchange traded fund’s stock valued at $2,545,000 after purchasing an additional 28,719 shares in the last quarter. Finally, Spectrum Asset Management Inc. NB CA grew its position in iShares MSCI Brazil ETF by 16.0% in the fourth quarter. Spectrum Asset Management Inc. NB CA now owns 95,984 shares of the exchange traded fund’s stock valued at $3,060,000 after purchasing an additional 13,245 shares in the last quarter. 72.69% of the stock is owned by institutional investors.

iShares MSCI Brazil ETF Trading Up 2.8%

Shares of EWZ stock opened at $35.93 on Friday. iShares MSCI Brazil ETF has a 1 year low of $26.30 and a 1 year high of $42.02. The firm’s fifty day moving average price is $35.66 and its two-hundred day moving average price is $36.44. The firm has a market capitalization of $9.34 billion, a P/E ratio of 9.58 and a beta of 0.61.

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.