Banco Santander S.A. Trims Position in iShares MSCI Brazil ETF $EWZ

Banco Santander S.A. lessened its position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 307,863 shares of the exchange traded fund’s stock after selling 23,100 shares during the quarter. Banco Santander S.A.’s holdings in iShares MSCI Brazil ETF were worth $8,882,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EWZ. North Capital Inc. purchased a new stake in iShares MSCI Brazil ETF during the first quarter valued at $26,000. WealthShield Partners LLC bought a new position in iShares MSCI Brazil ETF during the first quarter valued at approximately $37,000. NewEdge Advisors LLC boosted its stake in iShares MSCI Brazil ETF by 819.7% during the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 1,500 shares during the last quarter. Parallel Advisors LLC boosted its stake in iShares MSCI Brazil ETF by 60.0% during the second quarter. Parallel Advisors LLC now owns 1,760 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 660 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in iShares MSCI Brazil ETF by 92.0% during the second quarter. Harbour Investments Inc. now owns 1,784 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 855 shares during the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

NYSEARCA:EWZ opened at $30.77 on Tuesday. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87. iShares MSCI Brazil ETF has a 1 year low of $22.26 and a 1 year high of $31.46. The business has a 50 day simple moving average of $29.80 and a 200-day simple moving average of $28.24.

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).