Mirae Asset Global Investments Co. Ltd. Acquires 43,700 Shares of iShares MSCI Brazil ETF $EWZ

Mirae Asset Global Investments Co. Ltd. bought a new stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,700 shares of the exchange traded fund’s stock, valued at approximately $1,628,000.

Several other large investors also recently bought and sold shares of EWZ. Continuum Advisory LLC acquired a new position in shares of iShares MSCI Brazil ETF during the 2nd quarter worth $25,000. XP Advisory US Inc. purchased a new stake in shares of iShares MSCI Brazil ETF in the 2nd quarter worth about $33,000. Latitude Advisors LLC acquired a new stake in iShares MSCI Brazil ETF in the 3rd quarter valued at about $34,000. Highland Investment Advisors LLC acquired a new stake in iShares MSCI Brazil ETF in the 2nd quarter valued at about $46,000. Finally, Timbuktu Capital Management LLC purchased a new position in iShares MSCI Brazil ETF during the 2nd quarter valued at about $79,000. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Up 0.7%

NYSEARCA:EWZ opened at $31.98 on Friday. The company has a market capitalization of $9.33 billion, a P/E ratio of 9.58 and a beta of 0.66. The firm has a 50-day moving average price of $38.06 and a two-hundred day moving average price of $37.11. iShares MSCI Brazil ETF has a twelve month low of $30.72 and a twelve month high of $43.90.

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). 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.