Stifel Financial Corp Raises Stock Position in iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Stifel Financial Corp grew its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 80.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 371,824 shares of the exchange traded fund’s stock after acquiring an additional 166,270 shares during the period. Stifel Financial Corp’s holdings in iShares MSCI Brazil ETF were worth $8,370,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EWZ. FNY Investment Advisers LLC purchased a new position in iShares MSCI Brazil ETF in the 4th quarter worth approximately $40,000. Finley Financial LLC bought a new stake in shares of iShares MSCI Brazil ETF during the fourth quarter valued at approximately $77,000. Summit Securities Group LLC purchased a new position in shares of iShares MSCI Brazil ETF in the fourth quarter worth $108,000. Ameliora Wealth Management Ltd. bought a new position in shares of iShares MSCI Brazil ETF during the fourth quarter worth $134,000. Finally, V Square Quantitative Management LLC grew its stake in iShares MSCI Brazil ETF by 19.7% during the fourth quarter. V Square Quantitative Management LLC now owns 6,640 shares of the exchange traded fund’s stock valued at $149,000 after acquiring an additional 1,094 shares in the last quarter.

iShares MSCI Brazil ETF Stock Up 0.7 %

Shares of EWZ stock opened at $26.94 on Monday. The stock has a market cap of $3.43 billion, a P/E ratio of 9.75 and a beta of 0.86. The company’s fifty day simple moving average is $25.32 and its two-hundred day simple moving average is $25.51. iShares MSCI Brazil ETF has a 52 week low of $22.26 and a 52 week high of $32.75.

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).