Paradigm Financial Advisors LLC Trims Stock Position in iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Paradigm Financial Advisors LLC cut its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 28.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,745 shares of the exchange traded fund’s stock after selling 4,309 shares during the quarter. Paradigm Financial Advisors LLC’s holdings in iShares MSCI Brazil ETF were worth $453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EWZ. Verde Servicos Internacionais S.A. boosted its stake in shares of iShares MSCI Brazil ETF by 800.7% during the second quarter. Verde Servicos Internacionais S.A. now owns 921,999 shares of the exchange traded fund’s stock valued at $40,309,000 after purchasing an additional 819,639 shares in the last quarter. SPX Equities Gestao de Recursos Ltda boosted its stake in shares of iShares MSCI Brazil ETF by 116.9% during the second quarter. SPX Equities Gestao de Recursos Ltda now owns 104,313 shares of the exchange traded fund’s stock valued at $4,561,000 after purchasing an additional 56,223 shares in the last quarter. 6 Meridian boosted its stake in shares of iShares MSCI Brazil ETF by 1.3% during the second quarter. 6 Meridian now owns 76,412 shares of the exchange traded fund’s stock valued at $3,341,000 after purchasing an additional 1,007 shares in the last quarter. Clear Street Markets LLC bought a new position in shares of iShares MSCI Brazil ETF during the second quarter valued at approximately $245,000. Finally, We Are One Seven LLC boosted its stake in shares of iShares MSCI Brazil ETF by 6.5% during the second quarter. We Are One Seven LLC now owns 7,596 shares of the exchange traded fund’s stock valued at $332,000 after purchasing an additional 462 shares in the last quarter.

Shares of NYSEARCA EWZ traded down $1.51 during midday trading on Friday, reaching $43.02. 40,972,657 shares of the company’s stock traded hands, compared to its average volume of 27,383,920. The stock’s 50 day simple moving average is $42.88 and its 200-day simple moving average is $42.48. iShares MSCI Brazil ETF has a one year low of $36.23 and a one year high of $47.19.

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).

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Institutional Ownership by Quarter for iShares MSCI Brazil ETF (NYSEARCA:EWZ)

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