Mirae Asset Global Investments Co. Ltd. Trims Position in iShares MSCI Brazil ETF $EWZ

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 5.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 30,900 shares of the exchange traded fund’s stock after selling 1,900 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares MSCI Brazil ETF were worth $891,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of iShares MSCI Brazil ETF by 73.3% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 14,410 shares of the exchange traded fund’s stock valued at $416,000 after buying an additional 6,094 shares during the period. J. Safra Sarasin Holding AG acquired a new position in iShares MSCI Brazil ETF during the second quarter worth approximately $493,000. Hudson Value Partners LLC acquired a new position in iShares MSCI Brazil ETF during the second quarter worth approximately $852,000. PFG Investments LLC acquired a new position in iShares MSCI Brazil ETF during the second quarter worth approximately $276,000. Finally, Truist Financial Corp acquired a new position in iShares MSCI Brazil ETF during the second quarter worth approximately $498,000. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

Shares of EWZ stock opened at $29.67 on Friday. iShares MSCI Brazil ETF has a one year low of $22.26 and a one year high of $31.46. The company has a 50 day moving average price of $29.31 and a 200 day moving average price of $27.83. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 9.58 and a beta of 0.97.

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).