Avanda Investment Management Pte. Ltd. Cuts Holdings in iShares MSCI Brazil ETF $EWZ

Avanda Investment Management Pte. Ltd. trimmed its holdings in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 69.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,208 shares of the exchange traded fund’s stock after selling 34,484 shares during the quarter. Avanda Investment Management Pte. Ltd.’s holdings in iShares MSCI Brazil ETF were worth $484,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in shares of iShares MSCI Brazil ETF by 16.7% during the 4th quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 293 shares during the period. 3EDGE Asset Management LP lifted its position in iShares MSCI Brazil ETF by 2.6% during the fourth quarter. 3EDGE Asset Management LP now owns 14,885 shares of the exchange traded fund’s stock valued at $473,000 after purchasing an additional 382 shares in the last quarter. Nwam LLC lifted its position in iShares MSCI Brazil ETF by 2.2% during the fourth quarter. Nwam LLC now owns 18,410 shares of the exchange traded fund’s stock valued at $585,000 after purchasing an additional 397 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in iShares MSCI Brazil ETF by 2.2% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 20,069 shares of the exchange traded fund’s stock valued at $638,000 after purchasing an additional 423 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. lifted its position in iShares MSCI Brazil ETF by 5.2% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 8,516 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 423 shares in the last quarter. 72.69% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Stock Performance

NYSEARCA EWZ opened at $35.10 on Friday. The company has a market capitalization of $10.24 billion, a PE ratio of 9.58 and a beta of 0.61. The business’s fifty day moving average is $37.95 and its 200 day moving average is $36.22. iShares MSCI Brazil ETF has a fifty-two week low of $26.30 and a fifty-two week high of $42.02.

About iShares MSCI Brazil ETF

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.