iShares MSCI Brazil ETF (NYSEARCA:EWZ) Sees Large Volume Increase

iShares MSCI Brazil ETF (NYSEARCA:EWZGet Rating) shares saw strong trading volume on Friday . 705,347 shares traded hands during trading, a decline of 97% from the previous session’s volume of 27,120,363 shares.The stock last traded at $31.13 and had previously closed at $30.50.

iShares MSCI Brazil ETF Stock Up 3.2 %

The firm’s 50 day moving average is $29.26 and its 200-day moving average is $32.03.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

A number of large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company acquired a new position in iShares MSCI Brazil ETF during the first quarter worth $805,680,000. State of Tennessee Treasury Department raised its position in iShares MSCI Brazil ETF by 8.8% during the fourth quarter. State of Tennessee Treasury Department now owns 7,180,523 shares of the exchange traded fund’s stock worth $201,557,000 after acquiring an additional 578,265 shares during the period. JPMorgan Chase & Co. raised its position in iShares MSCI Brazil ETF by 423.9% during the second quarter. JPMorgan Chase & Co. now owns 6,469,868 shares of the exchange traded fund’s stock worth $177,210,000 after acquiring an additional 5,234,862 shares during the period. Varma Mutual Pension Insurance Co purchased a new stake in shares of iShares MSCI Brazil ETF during the second quarter worth $173,926,000. Finally, Credit Suisse AG grew its holdings in shares of iShares MSCI Brazil ETF by 262.7% during the second quarter. Credit Suisse AG now owns 3,807,869 shares of the exchange traded fund’s stock worth $104,298,000 after buying an additional 2,757,864 shares in the last quarter.

iShares MSCI Brazil ETF Company Profile

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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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