iShares MSCI Brazil ETF $EWZ Holdings Cut by Ping Capital Management Inc.

Ping Capital Management Inc. reduced its position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 7.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,800 shares of the exchange traded fund’s stock after selling 21,000 shares during the period. iShares MSCI Brazil ETF makes up 2.6% of Ping Capital Management Inc.’s portfolio, making the stock its 7th biggest holding. Ping Capital Management Inc. owned about 0.13% of iShares MSCI Brazil ETF worth $7,589,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Global Retirement Partners LLC grew its position in iShares MSCI Brazil ETF by 11.0% during the third quarter. Global Retirement Partners LLC now owns 3,975 shares of the exchange traded fund’s stock worth $123,000 after buying an additional 395 shares in the last quarter. Samalin Investment Counsel LLC boosted its position in shares of iShares MSCI Brazil ETF by 5.1% during the 3rd quarter. Samalin Investment Counsel LLC now owns 8,699 shares of the exchange traded fund’s stock valued at $270,000 after acquiring an additional 425 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of iShares MSCI Brazil ETF by 114.4% during the third quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 572 shares in the last quarter. Parallel Advisors LLC increased its position in shares of iShares MSCI Brazil ETF by 60.0% in the second quarter. Parallel Advisors LLC now owns 1,760 shares of the exchange traded fund’s stock worth $51,000 after purchasing an additional 660 shares during the last quarter. Finally, Sharper & Granite LLC raised its stake in iShares MSCI Brazil ETF by 5.5% in the second quarter. Sharper & Granite LLC now owns 13,975 shares of the exchange traded fund’s stock valued at $404,000 after purchasing an additional 725 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

Shares of iShares MSCI Brazil ETF stock opened at $36.59 on Friday. iShares MSCI Brazil ETF has a 1 year low of $23.05 and a 1 year high of $36.88. The firm has a market cap of $8.10 billion, a PE ratio of 9.58 and a beta of 0.87. The company has a 50 day simple moving average of $32.80 and a two-hundred day simple moving average of $30.59.

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.