Millburn Ridgefield LLC DE Reduces Stake in iShares MSCI Brazil ETF $EWZ

by · The Cerbat Gem

Millburn Ridgefield LLC DE cut its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ – Free Report) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 675,879 shares of the exchange traded fund’s stock after selling 74,792 shares during the period. iShares MSCI Brazil ETF accounts for about 0.5% of Millburn Ridgefield LLC DE’s portfolio, making the stock its 28th biggest position. Millburn Ridgefield LLC DE owned about 0.35% of iShares MSCI Brazil ETF worth $20,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Aberdeen Wealth Management LLC bought a new position in shares of iShares MSCI Brazil ETF during the 2nd quarter valued at approximately $29,000. Private Trust Co. NA boosted its stake in iShares MSCI Brazil ETF by 114.4% during the third quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 572 shares during the period. First Horizon Advisors Inc. increased its position in iShares MSCI Brazil ETF by 143.5% during the second quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 775 shares during the last quarter. Farther Finance Advisors LLC raised its stake 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 during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of iShares MSCI Brazil ETF by 819.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 1,500 shares during the last quarter. 72.69% of the stock is owned by institutional investors.

iShares MSCI Brazil ETF Trading Up 2.7%

EWZ stock opened at $35.95 on Friday. The stock has a market cap of $7.84 billion, a PE ratio of 9.58 and a beta of 0.87. iShares MSCI Brazil ETF has a 12 month low of $23.05 and a 12 month high of $36.22. The company has a 50-day moving average price of $32.73 and a 200 day moving average price of $30.52.

iShares MSCI Brazil ETF Company Profile

(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.

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