Bessemer Group Inc. Buys New Position in iShares MSCI Brazil ETF $EWZ

Bessemer Group Inc. purchased a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,832,322 shares of the exchange traded fund’s stock, valued at approximately $108,733,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EWZ. Allspring Global Investments Holdings LLC grew its stake in 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 purchasing an additional 3,094,413 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of iShares MSCI Brazil ETF during the 1st quarter worth approximately $280,000. D.A. Davidson & CO. bought a new stake in shares of iShares MSCI Brazil ETF during the 1st quarter worth approximately $2,349,000. Bank of New York Mellon Corp boosted its holdings in shares of iShares MSCI Brazil ETF by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 108,961 shares of the exchange traded fund’s stock valued at $4,183,000 after buying an additional 5,371 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of iShares MSCI Brazil ETF by 64.4% in the 1st quarter. Sanctuary Advisors LLC now owns 56,494 shares of the exchange traded fund’s stock valued at $2,169,000 after buying an additional 22,138 shares during the last quarter. 72.69% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Trading Down 0.3%

NYSEARCA:EWZ opened at $35.23 on Friday. iShares MSCI Brazil ETF has a 1-year low of $26.30 and a 1-year high of $42.02. The firm has a fifty day simple moving average of $35.27 and a 200 day simple moving average of $36.58. The stock has a market capitalization of $8.92 billion, a PE 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.