iShares MSCI Brazil ETF (NYSEARCA:EWZ) Trading Down 4.4% – Time to Sell?

by · The Cerbat Gem

iShares MSCI Brazil ETF (NYSEARCA:EWZ – Get Free Report)’s stock price traded down 4.4% during trading on Wednesday . The stock traded as low as $22.89 and last traded at $22.95. 25,298,432 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 20,959,568 shares. The stock had previously closed at $24.00.

iShares MSCI Brazil ETF Trading Up 1.1 %

The stock has a market cap of $3.63 billion, a PE ratio of 5.65 and a beta of 0.93. The firm’s 50-day moving average price is $26.97 and its two-hundred day moving average price is $28.18.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in iShares MSCI Brazil ETF by 174.5% in the 3rd quarter. FMR LLC now owns 947 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 602 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of iShares MSCI Brazil ETF in the second quarter valued at about $36,000. International Assets Investment Management LLC purchased a new position in shares of iShares MSCI Brazil ETF in the second quarter worth about $61,000. Hollencrest Capital Management acquired a new stake in iShares MSCI Brazil ETF during the 2nd quarter valued at approximately $102,000. Finally, Retirement Planning Co of New England Inc. increased its stake in shares of iShares MSCI Brazil ETF by 8.5% in the second quarter. Retirement Planning Co of New England Inc. now owns 7,352 shares of the exchange traded fund’s stock worth $201,000 after acquiring an additional 578 shares during the period.

iShares MSCI Brazil ETF Company Profile

(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).

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