Hollencrest Capital Management Buys 10,000 Shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Hollencrest Capital Management boosted its holdings in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 267.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,740 shares of the exchange traded fund’s stock after purchasing an additional 10,000 shares during the period. Hollencrest Capital Management’s holdings in iShares MSCI Brazil ETF were worth $309,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EWZ. Wealthfront Advisers LLC acquired a new stake in shares of iShares MSCI Brazil ETF in the fourth quarter valued at approximately $1,043,000. SPX Gestao de Recursos Ltda bought a new position in shares of iShares MSCI Brazil ETF during the fourth quarter worth $1,412,000. PNC Financial Services Group Inc. lifted its position in iShares MSCI Brazil ETF by 35.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,920 shares of the exchange traded fund’s stock valued at $201,000 after acquiring an additional 2,315 shares in the last quarter. Banco Santander S.A. lifted its position in iShares MSCI Brazil ETF by 203.7% in the 4th quarter. Banco Santander S.A. now owns 302,925 shares of the exchange traded fund’s stock valued at $6,819,000 after acquiring an additional 203,191 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in iShares MSCI Brazil ETF in the 4th quarter valued at $4,257,000.

iShares MSCI Brazil ETF Price Performance

Shares of NYSEARCA:EWZ opened at $24.48 on Thursday. The company’s 50-day moving average price is $24.53 and its two-hundred day moving average price is $26.47. iShares MSCI Brazil ETF has a one year low of $22.26 and a one year high of $33.00. The stock has a market capitalization of $3.18 billion, a PE ratio of 8.22 and a beta of 1.17.

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).