iShares MSCI Brazil ETF (NYSEARCA:EWZ) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

iShares MSCI Brazil ETF (NYSEARCA:EWZ) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $36.06 and traded as high as $36.56. iShares MSCI Brazil ETF shares last traded at $36.11, with a volume of 17,463,437 shares traded.

iShares MSCI Brazil ETF Price Performance

The company has a market cap of $10.48 billion, a price-to-earnings ratio of 9.58 and a beta of 0.65. The stock has a 50-day moving average price of $38.43 and a 200 day moving average price of $36.09.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

A number of hedge funds have recently modified their holdings of EWZ. Parallel Advisors LLC lifted its stake 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 valued at $65,000 after purchasing an additional 293 shares during the period. 3EDGE Asset Management LP lifted its stake in shares of iShares MSCI Brazil ETF by 2.6% in the 4th quarter. 3EDGE Asset Management LP now owns 14,885 shares of the exchange traded fund’s stock valued at $473,000 after purchasing an additional 382 shares during the period. Nwam LLC lifted its stake in shares of iShares MSCI Brazil ETF by 2.2% in the 4th quarter. Nwam LLC now owns 18,410 shares of the exchange traded fund’s stock valued at $585,000 after purchasing an additional 397 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of iShares MSCI Brazil ETF by 2.2% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 20,069 shares of the exchange traded fund’s stock valued at $638,000 after purchasing an additional 423 shares during the period. Finally, Retirement Planning Co of New England Inc. lifted its stake in shares of iShares MSCI Brazil ETF by 5.2% in the 4th quarter. Retirement Planning Co of New England Inc. now owns 8,516 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 423 shares during the period. Institutional investors and hedge funds own 72.69% of the company’s stock.

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.