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

by · The Cerbat Gem

iShares MSCI Brazil ETF (NYSEARCA:EWZ – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.83 and last traded at $34.8530, with a volume of 34956028 shares. The stock had previously closed at $33.62.

iShares MSCI Brazil ETF Stock Performance

The stock has a 50 day moving average of $32.64 and a 200 day moving average of $30.45. The stock has a market capitalization of $7.64 billion, a P/E ratio of 9.58 and a beta of 0.87.

Institutional Trading of iShares MSCI Brazil ETF

Large investors have recently modified their holdings of the company. Global Retirement Partners LLC boosted its stake in iShares MSCI Brazil ETF by 11.0% during the 3rd quarter. Global Retirement Partners LLC now owns 3,975 shares of the exchange traded fund’s stock valued at $123,000 after purchasing an additional 395 shares during the period. Retirement Planning Co of New England Inc. raised its holdings in shares of iShares MSCI Brazil ETF by 5.4% during the third quarter. Retirement Planning Co of New England Inc. now owns 8,093 shares of the exchange traded fund’s stock valued at $251,000 after buying an additional 413 shares during the last quarter. Samalin Investment Counsel LLC raised its holdings in shares of iShares MSCI Brazil ETF by 5.1% during the third quarter. Samalin Investment Counsel LLC now owns 8,699 shares of the exchange traded fund’s stock valued at $270,000 after buying an additional 425 shares during the last quarter. Ameriflex Group Inc. boosted its position in shares of iShares MSCI Brazil ETF by 100.0% during the third quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 440 shares during the period. Finally, Zacks Investment Management grew its holdings in iShares MSCI Brazil ETF by 1.2% in the 3rd quarter. Zacks Investment Management now owns 37,908 shares of the exchange traded fund’s stock worth $1,175,000 after buying an additional 446 shares in the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

About iShares MSCI Brazil ETF

(Get Free Report)

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.

See Also