Investors Buy Shares of iShares MSCI Brazil Index (EWZ) on Weakness
Investors purchased shares of iShares MSCI Brazil Index (NYSEARCA:EWZ) on weakness during trading hours on Tuesday. $158.73 million flowed into the stock on the tick-up and $63.21 million flowed out of the stock on the tick-down, for a money net flow of $95.52 million into the stock. Of all companies tracked, iShares MSCI Brazil Index had the 14th highest net in-flow for the day. iShares MSCI Brazil Index traded down ($0.08) for the day and closed at $38.77
The firm also recently declared a semiannual dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Wednesday, December 20th will be paid a $0.3652 dividend. This is an increase from iShares MSCI Brazil Index’s previous semiannual dividend of $0.28. This represents a dividend yield of 1.88%. The ex-dividend date of this dividend is Tuesday, December 19th. iShares MSCI Brazil Index’s dividend payout ratio (DPR) is currently -9.31%.
Several large investors have recently bought and sold shares of the company. Turim 21 Investimentos Ltda. acquired a new stake in iShares MSCI Brazil Index during the third quarter worth about $211,867,000. JPMorgan Chase & Co. increased its position in shares of iShares MSCI Brazil Index by 588.6% during the third quarter. JPMorgan Chase & Co. now owns 5,897,355 shares of the exchange traded fund’s stock valued at $241,616,000 after acquiring an additional 5,040,877 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in shares of iShares MSCI Brazil Index during the third quarter valued at about $101,223,000. Rafferty Asset Management LLC increased its position in shares of iShares MSCI Brazil Index by 123.2% during the second quarter. Rafferty Asset Management LLC now owns 2,420,729 shares of the exchange traded fund’s stock valued at $82,644,000 after acquiring an additional 1,336,073 shares during the last quarter. Finally, Investure LLC acquired a new stake in shares of iShares MSCI Brazil Index during the second quarter valued at about $25,434,000.
iShares MSCI Brazil Index Company 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).
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