iShares MSCI Brazil ETF $EWZ Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. reduced its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 51.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,237,000 shares of the exchange traded fund’s stock after selling 3,372,000 shares during the period. iShares MSCI Brazil ETF accounts for about 1.3% of Phoenix Financial Ltd.’s holdings, making the stock its 21st biggest holding. Phoenix Financial Ltd.’s holdings in iShares MSCI Brazil ETF were worth $100,347,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EWZ. Hudson Value Partners LLC raised its stake in shares of iShares MSCI Brazil ETF by 20.2% during the 3rd quarter. Hudson Value Partners LLC now owns 35,503 shares of the exchange traded fund’s stock worth $1,101,000 after buying an additional 5,975 shares in the last quarter. 3EDGE Asset Management LP acquired a new position in iShares MSCI Brazil ETF during the third quarter worth $450,000. Glenorchy Capital Ltd purchased a new position in iShares MSCI Brazil ETF in the third quarter worth $8,373,000. Samalin Investment Counsel LLC lifted its holdings in iShares MSCI Brazil ETF by 5.1% in the third 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 period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in iShares MSCI Brazil ETF by 205.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,230 shares of the exchange traded fund’s stock valued at $69,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Up 0.1%

NYSEARCA:EWZ opened at $36.61 on Tuesday. iShares MSCI Brazil ETF has a fifty-two week low of $23.05 and a fifty-two week high of $36.90. The stock has a market cap of $8.29 billion, a PE ratio of 9.58 and a beta of 0.87. The firm’s fifty day simple moving average is $32.88 and its 200-day simple moving average is $30.67.

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.