Hollencrest Capital Management Invests $102,000 in iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Hollencrest Capital Management acquired a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,740 shares of the exchange traded fund’s stock, valued at approximately $102,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EWZ. FIL Ltd raised its holdings in iShares MSCI Brazil ETF by 8.8% during the fourth quarter. FIL Ltd now owns 4,340,670 shares of the exchange traded fund’s stock valued at $151,750,000 after acquiring an additional 351,165 shares during the period. Bank of Nova Scotia lifted its holdings in iShares MSCI Brazil ETF by 383.9% in the 4th quarter. Bank of Nova Scotia now owns 3,552,853 shares of the exchange traded fund’s stock worth $124,208,000 after purchasing an additional 2,818,566 shares in the last quarter. Bridgewater Associates LP bought a new position in iShares MSCI Brazil ETF in the 4th quarter worth approximately $96,166,000. SG Americas Securities LLC grew its holdings in iShares MSCI Brazil ETF by 65.3% during the 2nd quarter. SG Americas Securities LLC now owns 2,527,458 shares of the exchange traded fund’s stock valued at $69,075,000 after buying an additional 998,123 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new stake in shares of iShares MSCI Brazil ETF during the fourth quarter valued at approximately $58,247,000.

iShares MSCI Brazil ETF Stock Performance

EWZ stock opened at $29.19 on Friday. The company’s fifty day moving average price is $29.15 and its 200-day moving average price is $30.05. iShares MSCI Brazil ETF has a one year low of $26.23 and a one year high of $35.74. The company has a market capitalization of $4.58 billion, a PE ratio of 5.65 and a beta of 0.93.

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).