Connective Portfolio Management LLC Sells 40,000 Shares of iShares MSCI Brazil ETF $EWZ

Connective Portfolio Management LLC reduced its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 57.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,000 shares of the exchange traded fund’s stock after selling 40,000 shares during the quarter. iShares MSCI Brazil ETF comprises 1.7% of Connective Portfolio Management LLC’s holdings, making the stock its 22nd largest holding. Connective Portfolio Management LLC’s holdings in iShares MSCI Brazil ETF were worth $953,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Truxt Investmentos Ltda. acquired a new stake in shares of iShares MSCI Brazil ETF during the 3rd quarter worth approximately $25,000. Ameriflex Group Inc. increased its stake in shares of iShares MSCI Brazil ETF by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 440 shares in the last quarter. Aberdeen Wealth Management LLC acquired a new position in shares of iShares MSCI Brazil ETF during the 2nd quarter valued at $29,000. Private Trust Co. NA lifted its position in shares of iShares MSCI Brazil ETF by 114.4% during the 3rd quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 572 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in iShares MSCI Brazil ETF by 388.0% during the third quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 970 shares in the last quarter. 72.69% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Brazil ETF Trading Up 2.4%

NYSEARCA:EWZ opened at $37.54 on Thursday. iShares MSCI Brazil ETF has a 12 month low of $23.05 and a 12 month high of $39.69. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87. The firm has a fifty day simple moving average of $37.15 and a two-hundred day simple moving average of $33.52.

iShares MSCI Brazil ETF Company 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.