iShares MSCI Brazil ETF (NYSEARCA:EWZ) Sets New 12-Month Low – Time to Sell?

iShares MSCI Brazil ETF (NYSEARCA:EWZ)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $25.20 and last traded at $25.20, with a volume of 2354828 shares. The stock had previously closed at $26.46.

iShares MSCI Brazil ETF Trading Down 3.6 %

The firm has a market capitalization of $4.01 billion, a PE ratio of 5.65 and a beta of 0.93. The firm has a 50 day simple moving average of $28.17 and a 200 day simple moving average of $28.75.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of iShares MSCI Brazil ETF by 174.5% in the 3rd quarter. FMR LLC now owns 947 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 602 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares MSCI Brazil ETF in the second quarter valued at about $36,000. International Assets Investment Management LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the 2nd quarter worth approximately $61,000. CWM LLC boosted its position in iShares MSCI Brazil ETF by 17.2% during the 2nd quarter. CWM LLC now owns 2,802 shares of the exchange traded fund’s stock valued at $77,000 after acquiring an additional 412 shares in the last quarter. Finally, Hollencrest Capital Management bought a new stake in shares of iShares MSCI Brazil ETF in the 2nd quarter valued at about $102,000.

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).