Allspring Global Investments Holdings LLC Reduces Stake in iShares MSCI Brazil ETF $EWZ

Allspring Global Investments Holdings LLC decreased its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 24.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 53,409 shares of the exchange traded fund’s stock after selling 17,346 shares during the period. Allspring Global Investments Holdings LLC’s holdings in iShares MSCI Brazil ETF were worth $1,541,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EWZ. Goldman Sachs Group Inc. lifted its holdings in iShares MSCI Brazil ETF by 64.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,083,684 shares of the exchange traded fund’s stock worth $545,013,000 after purchasing an additional 8,271,979 shares in the last quarter. New Vernon Capital Holdings II LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the 1st quarter valued at about $156,653,000. Wellington Management Group LLP raised its holdings in shares of iShares MSCI Brazil ETF by 4,795.3% in the 1st quarter. Wellington Management Group LLP now owns 1,950,002 shares of the exchange traded fund’s stock valued at $50,408,000 after acquiring an additional 1,991,533 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of iShares MSCI Brazil ETF in the 2nd quarter valued at about $35,828,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of iShares MSCI Brazil ETF in the 1st quarter valued at about $20,315,000. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Up 0.3%

NYSEARCA:EWZ opened at $30.03 on Thursday. The business’s 50-day moving average price is $29.66 and its two-hundred day moving average price is $28.04. iShares MSCI Brazil ETF has a twelve month low of $22.26 and a twelve month high of $31.46. The stock has a market cap of $5.80 billion, a P/E ratio of 9.58 and a beta of 0.97.

iShares MSCI Brazil ETF 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).