City of London Investment Management Co. Ltd. Purchases 37,895 Shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ)

City of London Investment Management Co. Ltd. grew its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 92.9% during the 2nd quarter, Holdings Channel reports. The firm owned 78,666 shares of the exchange traded fund’s stock after purchasing an additional 37,895 shares during the period. City of London Investment Management Co. Ltd.’s holdings in iShares MSCI Brazil ETF were worth $2,150,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new stake in iShares MSCI Brazil ETF in the second quarter valued at approximately $36,000. International Assets Investment Management LLC bought a new stake in shares of iShares MSCI Brazil ETF in the 2nd quarter valued at $61,000. CWM LLC increased its position in shares of iShares MSCI Brazil ETF by 288.6% in the 1st quarter. CWM LLC now owns 2,390 shares of the exchange traded fund’s stock valued at $77,000 after buying an additional 1,775 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in iShares MSCI Brazil ETF during the 2nd quarter worth $153,000. Finally, Gladstone Institutional Advisory LLC bought a new position in iShares MSCI Brazil ETF during the fourth quarter worth about $214,000.

iShares MSCI Brazil ETF Trading Up 1.3 %

NYSEARCA:EWZ opened at $29.65 on Monday. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 5.65 and a beta of 0.93. The stock has a 50-day moving average price of $29.05 and a two-hundred day moving average price of $30.12. iShares MSCI Brazil ETF has a 1 year low of $26.23 and a 1 year high of $35.74.

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).