Stevens Capital Management LP Purchases Shares of 82,400 iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Stevens Capital Management LP purchased a new stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the 4th quarter, Holdings Channel.com reports. The fund purchased 82,400 shares of the exchange traded fund’s stock, valued at approximately $2,881,000. iShares MSCI Brazil ETF makes up 0.7% of Stevens Capital Management LP’s investment portfolio, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of iShares MSCI Brazil ETF by 2.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,229 shares of the exchange traded fund’s stock worth $885,000 after purchasing an additional 561 shares during the last quarter. KB Financial Partners LLC bought a new stake in shares of iShares MSCI Brazil ETF in the 3rd quarter worth about $31,000. Private Trust Co. NA bought a new stake in shares of iShares MSCI Brazil ETF in the 3rd quarter worth about $38,000. IFP Advisors Inc grew its holdings in shares of iShares MSCI Brazil ETF by 41.2% in the 3rd quarter. IFP Advisors Inc now owns 4,801 shares of the exchange traded fund’s stock worth $147,000 after purchasing an additional 1,401 shares during the last quarter. Finally, Triumph Capital Management grew its holdings in shares of iShares MSCI Brazil ETF by 13.7% in the 3rd quarter. Triumph Capital Management now owns 11,864 shares of the exchange traded fund’s stock worth $364,000 after purchasing an additional 1,431 shares during the last quarter.

iShares MSCI Brazil ETF Price Performance

Shares of EWZ traded up $0.73 during trading hours on Friday, hitting $31.54. The stock had a trading volume of 16,945,152 shares, compared to its average volume of 21,637,701. The company’s fifty day moving average is $32.27 and its two-hundred day moving average is $32.72. iShares MSCI Brazil ETF has a 52 week low of $27.20 and a 52 week high of $35.74. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 5.69 and a beta of 0.93.

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).