iShares MSCI Brazil ETF $EWZ Shares Sold by Ashford Capital Management Inc.

Ashford Capital Management Inc. lessened its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 16.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 108,250 shares of the exchange traded fund’s stock after selling 22,030 shares during the period. Ashford Capital Management Inc.’s holdings in iShares MSCI Brazil ETF were worth $4,156,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. NewEdge Advisors LLC lifted its stake in shares of iShares MSCI Brazil ETF by 819.7% during the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 1,500 shares during the period. Parallel Advisors LLC increased its position in shares of iShares MSCI Brazil ETF by 16.7% in the 4th quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $65,000 after acquiring an additional 293 shares during the period. Kapitalo Investimentos Ltda raised its stake in iShares MSCI Brazil ETF by 462.5% in the 4th quarter. Kapitalo Investimentos Ltda now owns 900,000 shares of the exchange traded fund’s stock worth $72,000 after acquiring an additional 740,000 shares during the last quarter. Triumph Capital Management purchased a new position in iShares MSCI Brazil ETF in the 3rd quarter worth $90,000. Finally, Waterford Advisors LLC acquired a new stake in iShares MSCI Brazil ETF during the 4th quarter worth about $117,000. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

iShares MSCI Brazil ETF stock opened at $35.87 on Tuesday. The business’s 50-day simple moving average is $35.10 and its two-hundred day simple moving average is $36.77. The company has a market cap of $9.08 billion, a PE ratio of 9.58 and a beta of 0.61. iShares MSCI Brazil ETF has a fifty-two week low of $26.30 and a fifty-two week high of $42.02.

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.