iShares MSCI Brazil ETF $EWZ Stake Cut by Rafferty Asset Management LLC

Rafferty Asset Management LLC lowered its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 22.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,057,528 shares of the exchange traded fund’s stock after selling 593,542 shares during the period. Rafferty Asset Management LLC owned about 1.06% of iShares MSCI Brazil ETF worth $63,783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EWZ. Truxt Investmentos Ltda. acquired a new position in shares of iShares MSCI Brazil ETF during the third quarter worth approximately $25,000. Aberdeen Wealth Management LLC acquired a new position in shares of iShares MSCI Brazil ETF during the 2nd quarter valued at $29,000. Private Trust Co. NA lifted its holdings in shares of iShares MSCI Brazil ETF by 114.4% in the third quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 572 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of iShares MSCI Brazil ETF by 143.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 775 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of iShares MSCI Brazil ETF by 388.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 970 shares during the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

Shares of EWZ opened at $38.73 on Friday. The company has a 50-day moving average of $35.51 and a two-hundred day moving average of $32.47. iShares MSCI Brazil ETF has a one year low of $23.05 and a one year high of $39.69. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87.

iShares MSCI Brazil ETF Profile

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.