Moon Capital Management LP Sells 45,000 Shares of iShares MSCI Brazil ETF $EWZ

Moon Capital Management LP lessened its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 60.3% during the third quarter, Holdings Channel reports. The institutional investor owned 29,597 shares of the exchange traded fund’s stock after selling 45,000 shares during the quarter. iShares MSCI Brazil ETF makes up approximately 0.7% of Moon Capital Management LP’s investment portfolio, making the stock its 9th largest position. Moon Capital Management LP’s holdings in iShares MSCI Brazil ETF were worth $918,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Royal Bank of Canada grew its holdings in iShares MSCI Brazil ETF by 18.0% during the first quarter. Royal Bank of Canada now owns 344,041 shares of the exchange traded fund’s stock worth $8,894,000 after acquiring an additional 52,532 shares during the period. NewEdge Advisors LLC lifted its holdings in iShares MSCI Brazil ETF by 819.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 1,500 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of iShares MSCI Brazil ETF during the 2nd quarter valued at about $225,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of iShares MSCI Brazil ETF by 152.9% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 32,670 shares of the exchange traded fund’s stock valued at $943,000 after purchasing an additional 19,750 shares in the last quarter. Finally, Leavell Investment Management Inc. acquired a new position in shares of iShares MSCI Brazil ETF in the 2nd quarter worth approximately $204,000. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

NYSEARCA EWZ opened at $38.77 on Tuesday. iShares MSCI Brazil ETF has a 12 month low of $23.05 and a 12 month high of $39.65. The company has a market capitalization of $9.15 billion, a P/E ratio of 9.58 and a beta of 0.87. The company’s 50 day simple moving average is $34.87 and its 200 day simple moving average is $32.21.

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.