Eagle Harbor Asset Management Inc. ADV Sells 58,119 Shares of iShares MSCI Brazil ETF $EWZ

Eagle Harbor Asset Management Inc. ADV lowered its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 90.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,244 shares of the exchange traded fund’s stock after selling 58,119 shares during the period. Eagle Harbor Asset Management Inc. ADV’s holdings in iShares MSCI Brazil ETF were worth $233,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of EWZ. Kapitalo Investimentos Ltda acquired a new stake in iShares MSCI Brazil ETF during the 3rd quarter valued at approximately $479,000. Canal Insurance CO purchased a new stake in shares of iShares MSCI Brazil ETF in the 3rd quarter valued at $373,000. Banque Pictet & Cie SA purchased a new stake in shares of iShares MSCI Brazil ETF in the 3rd quarter valued at $5,815,000. BFI Infinity Ltd. purchased a new stake in shares of iShares MSCI Brazil ETF in the 3rd quarter valued at $335,000. Finally, Walser Wealth Management Company A Ltd Liability Co increased its stake in shares of iShares MSCI Brazil ETF by 15.4% in the third quarter. Walser Wealth Management Company A Ltd Liability Co now owns 10,581 shares of the exchange traded fund’s stock worth $394,000 after acquiring an additional 1,415 shares during the period. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

NYSEARCA:EWZ opened at $42.94 on Wednesday. The company’s fifty day moving average price is $38.03 and its 200-day moving average price is $37.15. iShares MSCI Brazil ETF has a 1-year low of $29.86 and a 1-year high of $43.90. The firm has a market capitalization of $13.74 billion, a P/E ratio of 9.58 and a beta of 0.57.

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). 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.