Spinnaker Trust Has $9.40 Million Position in iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Spinnaker Trust increased its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 1.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 268,978 shares of the exchange traded fund’s stock after buying an additional 3,891 shares during the quarter. Spinnaker Trust’s holdings in iShares MSCI Brazil ETF were worth $9,403,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EWZ. KB Financial Partners LLC acquired a new position in iShares MSCI Brazil ETF in the 3rd quarter worth about $31,000. Private Trust Co. NA bought a new position in iShares MSCI Brazil ETF in the 3rd quarter valued at approximately $38,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in iShares MSCI Brazil ETF in the 4th quarter valued at approximately $54,000. Allworth Financial LP acquired a new stake in iShares MSCI Brazil ETF during the 4th quarter worth approximately $83,000. Finally, Blair William & Co. IL grew its holdings in iShares MSCI Brazil ETF by 94.8% during the 3rd quarter. Blair William & Co. IL now owns 3,250 shares of the exchange traded fund’s stock worth $100,000 after acquiring an additional 1,582 shares during the last quarter.

iShares MSCI Brazil ETF Stock Up 2.3 %

NYSEARCA EWZ traded up $0.72 on Friday, hitting $31.53. The company’s stock had a trading volume of 17,031,688 shares, compared to its average volume of 21,637,701. The firm has a market cap of $4.95 billion, a PE ratio of 5.69 and a beta of 0.93. The company’s 50-day moving average is $32.27 and its 200 day moving average is $32.72. iShares MSCI Brazil ETF has a 1-year low of $27.20 and a 1-year high of $35.74.

iShares MSCI Brazil ETF 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).