iShares MSCI Brazil ETF $EWZ Stock Sold by Avaii Wealth Management LLC

Avaii Wealth Management LLC lessened its holdings in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 74.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,621 shares of the exchange traded fund’s stock after selling 16,818 shares during the quarter. Avaii Wealth Management LLC’s holdings in iShares MSCI Brazil ETF were worth $215,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in EWZ. Continuum Advisory LLC purchased a new stake in iShares MSCI Brazil ETF during the 2nd quarter valued at approximately $25,000. XP Advisory US Inc. bought a new stake in shares of iShares MSCI Brazil ETF during the second quarter valued at approximately $33,000. Highland Investment Advisors LLC purchased a new position in shares of iShares MSCI Brazil ETF in the second quarter worth $46,000. Timbuktu Capital Management LLC bought a new stake in iShares MSCI Brazil ETF in the 2nd quarter valued at $79,000. Finally, Polaris Financial Partners bought a new stake in iShares MSCI Brazil ETF in the 3rd quarter valued at $90,000. 72.69% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Stock Up 2.2%

EWZ stock traded up $0.95 during mid-day trading on Friday, hitting $43.54. The company had a trading volume of 56,914,520 shares, compared to its average volume of 30,560,352. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 9.58 and a beta of 0.57. iShares MSCI Brazil ETF has a 12-month low of $28.66 and a 12-month high of $43.90. The company has a 50-day moving average price of $36.92 and a 200 day moving average price of $36.84.

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.