iShares MSCI Brazil ETF (NYSEARCA:EWZ) Sets New 1-Year High – What’s Next?

iShares MSCI Brazil ETF (NYSEARCA:EWZ) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $41.60 and last traded at $41.52, with a volume of 24307157 shares. The stock had previously closed at $41.33.

iShares MSCI Brazil ETF Trading Up 0.5%

The business has a fifty day simple moving average of $37.89 and a 200 day simple moving average of $34.29. The stock has a market capitalization of $10.67 billion, a P/E ratio of 9.58 and a beta of 0.69.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

Institutional investors have recently modified their holdings of the business. Truxt Investmentos Ltda. bought a new position in shares of iShares MSCI Brazil ETF in the third quarter valued at approximately $25,000. Ameriflex Group Inc. grew its holdings in shares of iShares MSCI Brazil ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 440 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of iShares MSCI Brazil ETF by 114.4% in the third quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 572 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of iShares MSCI Brazil ETF by 388.0% in the third quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 970 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of iShares MSCI Brazil ETF by 819.7% in the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 1,500 shares in the last quarter. 72.69% of the stock is owned by institutional investors.

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.