BW Gestao de Investimentos Ltda. Reduces Stock Position in iShares MSCI Brazil ETF $EWZ

BW Gestao de Investimentos Ltda. cut its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 58.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 832,800 shares of the exchange traded fund’s stock after selling 1,167,200 shares during the period. iShares MSCI Brazil ETF comprises 1.1% of BW Gestao de Investimentos Ltda.’s holdings, making the stock its 13th largest holding. BW Gestao de Investimentos Ltda. owned approximately 0.43% of iShares MSCI Brazil ETF worth $25,817,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EWZ. Belvedere Trading LLC bought a new stake in iShares MSCI Brazil ETF during the third quarter worth approximately $537,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of iShares MSCI Brazil ETF by 95.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 63,870 shares of the exchange traded fund’s stock valued at $1,980,000 after purchasing an additional 31,200 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of iShares MSCI Brazil ETF by 298.7% in the 2nd quarter. Osaic Holdings Inc. now owns 72,457 shares of the exchange traded fund’s stock valued at $2,091,000 after purchasing an additional 54,284 shares during the last quarter. Armstrong Advisory Group Inc. boosted its holdings in shares of iShares MSCI Brazil ETF by 1.5% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,260,232 shares of the exchange traded fund’s stock worth $39,067,000 after purchasing an additional 18,377 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of iShares MSCI Brazil ETF by 71.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,110,619 shares of the exchange traded fund’s stock worth $65,429,000 after purchasing an additional 879,500 shares during the period. 72.69% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Stock Performance

NYSEARCA EWZ opened at $37.10 on Tuesday. The business’s 50 day moving average price is $36.19 and its 200-day moving average price is $32.92. iShares MSCI Brazil ETF has a fifty-two week low of $23.05 and a fifty-two week high of $39.69. The company has a market cap of $8.76 billion, a P/E ratio of 9.58 and a beta of 0.87.

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). 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.