DRW Securities LLC Boosts Holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ)

DRW Securities LLC raised its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 283.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 592,859 shares of the exchange traded fund’s stock after purchasing an additional 438,376 shares during the period. iShares MSCI Brazil ETF accounts for 0.6% of DRW Securities LLC’s holdings, making the stock its 17th biggest position. DRW Securities LLC owned about 0.38% of iShares MSCI Brazil ETF worth $16,203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EWZ. Itau Unibanco Holding S.A. raised its position in shares of iShares MSCI Brazil ETF by 13.9% in the second quarter. Itau Unibanco Holding S.A. now owns 168,419 shares of the exchange traded fund’s stock valued at $4,603,000 after buying an additional 20,595 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of iShares MSCI Brazil ETF in the second quarter valued at about $102,000. Pekin Hardy Strauss Inc. raised its position in shares of iShares MSCI Brazil ETF by 3.2% in the second quarter. Pekin Hardy Strauss Inc. now owns 200,315 shares of the exchange traded fund’s stock valued at $5,475,000 after buying an additional 6,196 shares during the last quarter. City of London Investment Management Co. Ltd. raised its position in shares of iShares MSCI Brazil ETF by 92.9% in the second quarter. City of London Investment Management Co. Ltd. now owns 78,666 shares of the exchange traded fund’s stock valued at $2,150,000 after buying an additional 37,895 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. raised its position in shares of iShares MSCI Brazil ETF by 8.5% in the second quarter. Retirement Planning Co of New England Inc. now owns 7,352 shares of the exchange traded fund’s stock valued at $201,000 after buying an additional 578 shares during the last quarter.

iShares MSCI Brazil ETF Stock Down 3.1 %

Shares of NYSEARCA EWZ opened at $29.19 on Friday. The firm has a 50-day simple moving average of $29.15 and a 200-day simple moving average of $30.03. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 5.65 and a beta of 0.93. iShares MSCI Brazil ETF has a 52 week low of $26.23 and a 52 week high of $35.74.

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).