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

NewEdge Advisors LLC trimmed its position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 46.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,996 shares of the exchange traded fund’s stock after selling 15,850 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares MSCI Brazil ETF were worth $691,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its holdings in iShares MSCI Brazil ETF by 586.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 328,458 shares of the exchange traded fund’s stock valued at $10,486,000 after acquiring an additional 280,639 shares during the last quarter. Spectrum Asset Management Inc. NB CA boosted its holdings in shares of iShares MSCI Brazil ETF by 16.0% during the 4th quarter. Spectrum Asset Management Inc. NB CA now owns 95,984 shares of the exchange traded fund’s stock worth $3,060,000 after purchasing an additional 13,245 shares during the last quarter. Revisor Wealth Management LLC grew its position in shares of iShares MSCI Brazil ETF by 359.6% in the fourth quarter. Revisor Wealth Management LLC now owns 34,990 shares of the exchange traded fund’s stock valued at $1,215,000 after purchasing an additional 27,377 shares in the last quarter. Cercano Management LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the fourth quarter valued at approximately $15,598,000. Finally, Altfest L J & Co. Inc. purchased a new stake in shares of iShares MSCI Brazil ETF in the fourth quarter valued at approximately $4,718,000. 72.69% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Stock Performance

NYSEARCA:EWZ opened at $36.65 on Monday. iShares MSCI Brazil ETF has a one year low of $26.39 and a one year high of $42.02. The stock has a market cap of $9.28 billion, a PE ratio of 9.58 and a beta of 0.61. The stock has a 50 day moving average price of $35.08 and a 200 day moving average price 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.