iShares MSCI Brazil ETF $EWZ Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC cut its position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 46.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,996 shares of the exchange traded fund’s stock after selling 15,850 shares during the period. NewEdge Advisors LLC’s holdings in iShares MSCI Brazil ETF were worth $691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada grew its position in iShares MSCI Brazil ETF by 18.0% in the first quarter. Royal Bank of Canada now owns 344,041 shares of the exchange traded fund’s stock worth $8,894,000 after acquiring an additional 52,532 shares during the period. CW Advisors LLC purchased a new stake in iShares MSCI Brazil ETF in the second quarter valued at $243,000. Cresset Asset Management LLC raised its position in iShares MSCI Brazil ETF by 12.8% in the second quarter. Cresset Asset Management LLC now owns 22,430 shares of the exchange traded fund’s stock valued at $647,000 after purchasing an additional 2,541 shares during the period. Karpus Management Inc. raised its position in iShares MSCI Brazil ETF by 21.0% in the second quarter. Karpus Management Inc. now owns 165,578 shares of the exchange traded fund’s stock valued at $4,777,000 after purchasing an additional 28,681 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of iShares MSCI Brazil ETF by 19.4% in the 2nd quarter. Raymond James Financial Inc. now owns 308,190 shares of the exchange traded fund’s stock valued at $8,891,000 after purchasing an additional 50,166 shares during the last quarter. 72.69% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Stock Performance

NYSEARCA EWZ opened at $36.65 on Monday. The stock has a market cap of $9.28 billion, a PE ratio of 9.58 and a beta of 0.61. iShares MSCI Brazil ETF has a twelve month low of $26.39 and a twelve month high of $42.02. The stock has a fifty day simple moving average of $35.08 and a 200-day simple moving average of $36.86.

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.