JPMorgan Chase & Co. increased its position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 232.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,668,619 shares of the exchange traded fund’s stock after buying an additional 2,563,764 shares during the quarter. JPMorgan Chase & Co. owned 1.75% of iShares MSCI Brazil ETF worth $150,378,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in iShares MSCI Brazil ETF by 2,975.0% in the 4th quarter. SG Americas Securities LLC now owns 2,791,788 shares of the exchange traded fund’s stock worth $106,646,000 after purchasing an additional 2,700,999 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of iShares MSCI Brazil ETF during the 4th quarter valued at $84,671,000. Myriad Asset Management Ltd. bought a new stake in shares of iShares MSCI Brazil ETF during the 1st quarter valued at $82,525,000. Squarepoint Ops LLC raised its position in shares of iShares MSCI Brazil ETF by 917.1% during the 4th quarter. Squarepoint Ops LLC now owns 1,353,646 shares of the exchange traded fund’s stock valued at $51,709,000 after acquiring an additional 1,220,559 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. raised its position in shares of iShares MSCI Brazil ETF by 108.4% during the 4th quarter. City of London Investment Management Co. Ltd. now owns 1,930,251 shares of the exchange traded fund’s stock valued at $73,726,000 after acquiring an additional 1,003,900 shares during the last quarter.
Shares of iShares MSCI Brazil ETF stock traded down $0.97 on Friday, hitting $42.24. 36,764,200 shares of the company’s stock traded hands, compared to its average volume of 29,879,027. iShares MSCI Brazil ETF has a one year low of $30.65 and a one year high of $45.72.
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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).
Further Reading: What is the Difference Between Common Shares and Convertible Shares?
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