SG Americas Securities LLC Increases Holdings in iShares MSCI Brazil ETF $EWZ

SG Americas Securities LLC grew its stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 645.6% during the 1st quarter, HoldingsChannel reports. The fund owned 2,344,250 shares of the exchange traded fund’s stock after purchasing an additional 2,029,838 shares during the quarter. SG Americas Securities LLC’s holdings in iShares MSCI Brazil ETF were worth $89,996,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in shares of iShares MSCI Brazil ETF by 18.0% during the first quarter. Royal Bank of Canada now owns 344,041 shares of the exchange traded fund’s stock valued at $8,894,000 after acquiring an additional 52,532 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of iShares MSCI Brazil ETF by 819.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 1,500 shares during the last quarter. CW Advisors LLC bought a new position in iShares MSCI Brazil ETF in the 2nd quarter worth about $243,000. Cresset Asset Management LLC boosted its stake in iShares MSCI Brazil ETF by 12.8% in the 2nd quarter. Cresset Asset Management LLC now owns 22,430 shares of the exchange traded fund’s stock worth $647,000 after purchasing an additional 2,541 shares in the last quarter. Finally, Karpus Management Inc. grew its position in iShares MSCI Brazil ETF by 21.0% during the 2nd quarter. Karpus Management Inc. now owns 165,578 shares of the exchange traded fund’s stock valued at $4,777,000 after purchasing an additional 28,681 shares during the last quarter. 72.69% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Stock Performance

Shares of EWZ stock opened at $33.73 on Monday. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61. iShares MSCI Brazil ETF has a one year low of $26.30 and a one year high of $42.02. The company’s 50-day moving average is $37.50 and its 200 day moving average is $36.28.

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.