Hsbc Holdings PLC decreased its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ – Free Report) by 58.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,541 shares of the exchange traded fund’s stock after selling 75,982 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares MSCI Brazil ETF were worth $2,034,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in shares of iShares MSCI Brazil ETF by 16.7% in the 4th quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock worth $65,000 after buying an additional 293 shares during the period. 3EDGE Asset Management LP lifted its position in iShares MSCI Brazil ETF by 2.6% during the 4th quarter. 3EDGE Asset Management LP now owns 14,885 shares of the exchange traded fund’s stock valued at $473,000 after acquiring an additional 382 shares during the period. Nwam LLC lifted its position in iShares MSCI Brazil ETF by 2.2% during the 4th quarter. Nwam LLC now owns 18,410 shares of the exchange traded fund’s stock valued at $585,000 after acquiring an additional 397 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in iShares MSCI Brazil ETF by 2.2% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 20,069 shares of the exchange traded fund’s stock worth $638,000 after acquiring an additional 423 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. boosted its stake in iShares MSCI Brazil ETF by 5.2% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 8,516 shares of the exchange traded fund’s stock worth $271,000 after acquiring an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.
iShares MSCI Brazil ETF Stock Performance
Shares of EWZ opened at $35.73 on Monday. iShares MSCI Brazil ETF has a fifty-two week low of $26.30 and a fifty-two week high of $42.02. The firm’s 50-day simple moving average is $35.12 and its two-hundred day simple moving average is $36.75. The stock has a market cap of $9.05 billion, a PE ratio of 9.58 and a beta of 0.61.
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). 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.
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