Kiker Wealth Management LLC Makes New $3.03 Million Investment in iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Kiker Wealth Management LLC acquired a new stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 134,561 shares of the exchange traded fund’s stock, valued at approximately $3,029,000. iShares MSCI Brazil ETF makes up about 2.5% of Kiker Wealth Management LLC’s investment portfolio, making the stock its 13th biggest position.

Several other hedge funds have also recently modified their holdings of EWZ. FMR LLC increased its holdings in iShares MSCI Brazil ETF by 174.5% in the 3rd quarter. FMR LLC now owns 947 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 602 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of iShares MSCI Brazil ETF in the fourth quarter worth about $40,000. Finley Financial LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the fourth quarter worth about $77,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of iShares MSCI Brazil ETF in the fourth quarter worth about $134,000. Finally, V Square Quantitative Management LLC boosted its stake in iShares MSCI Brazil ETF by 19.7% during the fourth quarter. V Square Quantitative Management LLC now owns 6,640 shares of the exchange traded fund’s stock valued at $149,000 after buying an additional 1,094 shares during the last quarter.

iShares MSCI Brazil ETF Price Performance

NYSEARCA:EWZ opened at $26.58 on Friday. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 10.38 and a beta of 1.17. iShares MSCI Brazil ETF has a 1 year low of $22.26 and a 1 year high of $33.00. The stock’s 50 day simple moving average is $24.94 and its two-hundred day simple moving average is $26.33.

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).