Renaissance Technologies LLC Has $12.88 Million Stock Position in iShares MSCI Brazil ETF $EWZ

Renaissance Technologies LLC reduced its position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 52.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 335,500 shares of the exchange traded fund’s stock after selling 370,100 shares during the period. Renaissance Technologies LLC’s holdings in iShares MSCI Brazil ETF were worth $12,880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Nova Scotia grew its stake in iShares MSCI Brazil ETF by 10,490.4% during the first quarter. Bank of Nova Scotia now owns 5,507,028 shares of the exchange traded fund’s stock worth $211,416,000 after buying an additional 5,455,028 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of iShares MSCI Brazil ETF by 12,304.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,119,561 shares of the exchange traded fund’s stock valued at $119,760,000 after acquiring an additional 3,094,413 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of iShares MSCI Brazil ETF in the 1st quarter worth approximately $108,733,000. SG Americas Securities LLC increased its holdings in iShares MSCI Brazil ETF by 645.6% during the 1st quarter. SG Americas Securities LLC now owns 2,344,250 shares of the exchange traded fund’s stock valued at $89,996,000 after purchasing an additional 2,029,838 shares in the last quarter. Finally, MKP Capital Management L.L.C. increased its holdings in iShares MSCI Brazil ETF by 3.0% during the 4th quarter. MKP Capital Management L.L.C. now owns 2,286,900 shares of the exchange traded fund’s stock valued at $72,655,000 after purchasing an additional 66,900 shares in the last quarter. 72.69% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Stock Performance

Shares of EWZ opened at $36.65 on Friday. The stock has a fifty day moving average price of $35.08 and a two-hundred day moving average price of $36.83. iShares MSCI Brazil ETF has a 52-week low of $26.39 and a 52-week high of $42.02. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61.

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.