Glen Point Capital LLP Invests $97.30 Million in iShares MSCI Brazil Index (EWZ)

Glen Point Capital LLP purchased a new stake in shares of iShares MSCI Brazil Index (NYSE:EWZ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,850,000 shares of the exchange traded fund’s stock, valued at approximately $97,299,000. iShares MSCI Brazil Index makes up about 19.0% of Glen Point Capital LLP’s holdings, making the stock its 2nd largest position.

Several other hedge funds have also bought and sold shares of EWZ. Vontobel Swiss Wealth Advisors AG purchased a new position in iShares MSCI Brazil Index during the second quarter valued at $207,000. Cambridge Advisors Inc. purchased a new position in iShares MSCI Brazil Index during the second quarter valued at $287,000. Deltec Asset Management LLC increased its position in iShares MSCI Brazil Index by 6.7% in the second quarter. Deltec Asset Management LLC now owns 208,000 shares of the exchange traded fund’s stock valued at $7,103,000 after buying an additional 13,000 shares during the last quarter. Bessemer Group Inc. purchased a new position in iShares MSCI Brazil Index during the second quarter valued at $10,583,000. Finally, ING Groep NV increased its position in iShares MSCI Brazil Index by 36.9% in the second quarter. ING Groep NV now owns 1,628,398 shares of the exchange traded fund’s stock valued at $55,594,000 after buying an additional 439,289 shares during the last quarter.

iShares MSCI Brazil Index (NYSE EWZ) traded up 1.00% during trading on Tuesday, reaching $38.43. The company’s stock had a trading volume of 15,375,655 shares. The firm has a 50-day moving average price of $36.51 and a 200-day moving average price of $36.79. iShares MSCI Brazil Index has a 52 week low of $31.04 and a 52 week high of $40.80.

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About iShares MSCI Brazil Index

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).