iShares MSCI Brazil ETF (NYSEARCA:EWZ) Stock Cross Above 200-Day Moving Average – Time to Sell?

iShares MSCI Brazil ETF (NYSEARCA:EWZ) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $36.64 and traded as high as $37.81. iShares MSCI Brazil ETF shares last traded at $37.48, with a volume of 20,790,935 shares traded.

iShares MSCI Brazil ETF Stock Performance

The company has a market cap of $8.28 billion, a P/E ratio of 9.58 and a beta of 0.62. The business has a 50 day moving average price of $36.05 and a two-hundred day moving average price of $36.63.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its position in shares of iShares MSCI Brazil ETF by 142.2% in the 2nd quarter. NewEdge Advisors LLC now owns 48,502 shares of the exchange traded fund’s stock worth $1,673,000 after purchasing an additional 28,473 shares during the period. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in shares of iShares MSCI Brazil ETF in the 2nd quarter worth approximately $6,891,000. Corient Private Wealth LP raised its position in shares of iShares MSCI Brazil ETF by 34.1% in the 2nd quarter. Corient Private Wealth LP now owns 16,811 shares of the exchange traded fund’s stock worth $580,000 after purchasing an additional 4,274 shares during the last quarter. Schulz Wealth LTD. purchased a new stake in iShares MSCI Brazil ETF during the 2nd quarter valued at about $237,000. Finally, Nilsine Partners LLC increased its stake in iShares MSCI Brazil ETF by 9.5% during the 2nd quarter. Nilsine Partners LLC now owns 228,895 shares of the exchange traded fund’s stock valued at $7,897,000 after purchasing an additional 19,835 shares in the last quarter. 72.69% of the stock is owned by hedge funds and other institutional investors.

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.