iShares MSCI Brazil ETF (NYSEARCA:EWZ – Get Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.65 and traded as high as $38.54. iShares MSCI Brazil ETF shares last traded at $38.24, with a volume of 39,448,350 shares changing hands.
iShares MSCI Brazil ETF Trading Down 1.1%
The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 9.58 and a beta of 0.65. The firm has a 50 day moving average price of $38.52 and a 200-day moving average price of $35.65.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in shares of iShares MSCI Brazil ETF by 12,304.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,119,561 shares of the exchange traded fund’s stock worth $119,760,000 after buying an additional 3,094,413 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of iShares MSCI Brazil ETF during the 1st quarter worth $108,733,000. SG Americas Securities LLC raised its stake in shares of iShares MSCI Brazil ETF by 645.6% during the 1st quarter. SG Americas Securities LLC now owns 2,344,250 shares of the exchange traded fund’s stock worth $89,996,000 after buying an additional 2,029,838 shares during the last quarter. MKP Capital Management L.L.C. raised its stake in shares of iShares MSCI Brazil ETF by 3.0% during the 4th quarter. MKP Capital Management L.L.C. now owns 2,286,900 shares of the exchange traded fund’s stock worth $72,655,000 after buying an additional 66,900 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of iShares MSCI Brazil ETF by 19.2% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,218,204 shares of the exchange traded fund’s stock worth $70,457,000 after buying an additional 357,853 shares during the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.
iShares MSCI Brazil ETF Company 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). The Index seeks to measure the performance of the Brazilian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.
Featured Stories
- Five stocks we like better than iShares MSCI Brazil ETF
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
Receive News & Ratings for iShares MSCI Brazil ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Brazil ETF and related companies with MarketBeat.com's FREE daily email newsletter.
