iShares MSCI Brazil ETF $EWZ Position Trimmed by Quattro Financial Advisors LLC

Quattro Financial Advisors LLC lowered its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 83.0% during the third quarter, Holdings Channel.com reports. The fund owned 10,000 shares of the exchange traded fund’s stock after selling 48,715 shares during the quarter. Quattro Financial Advisors LLC’s holdings in iShares MSCI Brazil ETF were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia grew its position in iShares MSCI Brazil ETF by 10,490.4% during the first quarter. Bank of Nova Scotia now owns 5,507,028 shares of the exchange traded fund’s stock valued at $211,416,000 after acquiring an additional 5,455,028 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of iShares MSCI Brazil ETF by 12,304.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,119,561 shares of the exchange traded fund’s stock worth $119,760,000 after purchasing an additional 3,094,413 shares during the period. Bessemer Group Inc. purchased a new position in shares of iShares MSCI Brazil ETF in the 1st quarter worth about $108,733,000. SG Americas Securities LLC raised its holdings in shares of iShares MSCI Brazil ETF by 645.6% in the 1st quarter. SG Americas Securities LLC now owns 2,344,250 shares of the exchange traded fund’s stock worth $89,996,000 after purchasing an additional 2,029,838 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of iShares MSCI Brazil ETF by 19.2% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,218,204 shares of the exchange traded fund’s stock valued at $70,457,000 after purchasing an additional 357,853 shares in the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

NYSEARCA EWZ opened at $41.58 on Friday. The firm has a market capitalization of $12.04 billion, a P/E ratio of 9.58 and a beta of 0.57. iShares MSCI Brazil ETF has a 1-year low of $29.07 and a 1-year high of $43.90. The business’s 50-day simple moving average is $37.58 and its 200-day simple moving average is $37.05.

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.