Kovack Advisors Inc. reduced its holdings in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ – Free Report) by 24.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,251 shares of the exchange traded fund’s stock after selling 2,727 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares MSCI Brazil ETF were worth $267,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. KB Financial Partners LLC bought a new position in shares of iShares MSCI Brazil ETF in the third quarter valued at $31,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of iShares MSCI Brazil ETF in the fourth quarter valued at $54,000. CWM LLC grew its stake in shares of iShares MSCI Brazil ETF by 288.6% in the first quarter. CWM LLC now owns 2,390 shares of the exchange traded fund’s stock valued at $77,000 after buying an additional 1,775 shares in the last quarter. Allworth Financial LP bought a new position in iShares MSCI Brazil ETF during the fourth quarter worth $83,000. Finally, FNY Investment Advisers LLC bought a new position in iShares MSCI Brazil ETF during the fourth quarter worth $167,000.
iShares MSCI Brazil ETF Price Performance
EWZ stock opened at $28.05 on Friday. The company has a fifty day moving average price of $29.67 and a two-hundred day moving average price of $31.81. iShares MSCI Brazil ETF has a one year low of $26.83 and a one year high of $35.74. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 5.65 and a beta of 0.93.
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).
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