Vontobel Holding Ltd. Grows Stake in iShares MSCI Brazil ETF $EWZ

Vontobel Holding Ltd. raised its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 115.2% during the third quarter, HoldingsChannel reports. The firm owned 50,953 shares of the exchange traded fund’s stock after buying an additional 27,274 shares during the quarter. Vontobel Holding Ltd.’s holdings in iShares MSCI Brazil ETF were worth $1,580,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. boosted its holdings in shares of iShares MSCI Brazil ETF by 36.4% in the 1st quarter. Raymond James Financial Inc. now owns 258,024 shares of the exchange traded fund’s stock worth $6,670,000 after purchasing an additional 68,921 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in iShares MSCI Brazil ETF during the first quarter worth $1,043,000. Comerica Bank boosted its stake in iShares MSCI Brazil ETF by 68.9% during the first quarter. Comerica Bank now owns 8,248 shares of the exchange traded fund’s stock worth $213,000 after buying an additional 3,364 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new position in iShares MSCI Brazil ETF during the first quarter valued at $4,490,000. Finally, Evergreen Capital Management LLC raised its stake in shares of iShares MSCI Brazil ETF by 35.7% in the first quarter. Evergreen Capital Management LLC now owns 311,031 shares of the exchange traded fund’s stock valued at $8,040,000 after acquiring an additional 81,797 shares during the period. 72.69% of the stock is owned by institutional investors.

iShares MSCI Brazil ETF Trading Up 0.6%

EWZ stock opened at $31.73 on Friday. The stock has a market cap of $6.13 billion, a PE ratio of 9.58 and a beta of 0.87. iShares MSCI Brazil ETF has a 12 month low of $22.26 and a 12 month high of $34.80. The company has a 50-day moving average price of $32.16 and a 200 day moving average price of $29.90.

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.