Randolph Co Inc Makes New $33.39 Million Investment in iShares MSCI Brazil ETF $EWZ

Randolph Co Inc acquired a new stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the first quarter, HoldingsChannel.com reports. The fund acquired 869,770 shares of the exchange traded fund’s stock, valued at approximately $33,390,000. iShares MSCI Brazil ETF accounts for about 3.2% of Randolph Co Inc’s holdings, making the stock its 16th biggest position.

Several other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC purchased a new position in iShares MSCI Brazil ETF in the first quarter valued at $919,000. Patriot Financial Group Insurance Agency LLC raised its stake in iShares MSCI Brazil ETF by 73.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 34,810 shares of the exchange traded fund’s stock valued at $1,336,000 after buying an additional 14,741 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in iShares MSCI Brazil ETF during the 1st quarter worth about $319,000. Advocate Investing Services LLC lifted its holdings in iShares MSCI Brazil ETF by 9.4% during the 1st quarter. Advocate Investing Services LLC now owns 16,279 shares of the exchange traded fund’s stock worth $625,000 after buying an additional 1,400 shares during the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in shares of iShares MSCI Brazil ETF during the 1st quarter worth about $657,000. 72.69% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Stock Performance

EWZ opened at $34.18 on Thursday. iShares MSCI Brazil ETF has a one year low of $26.30 and a one year high of $42.02. The company has a market cap of $8.98 billion, a P/E ratio of 9.58 and a beta of 0.61. The business’s 50-day simple moving average is $36.38 and its 200-day simple moving average is $36.33.

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.