Cibc World Market Inc. Has $3.04 Million Position in iShares MSCI Brazil ETF $EWZ

Cibc World Market Inc. lowered its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 21.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,205 shares of the exchange traded fund’s stock after selling 26,277 shares during the quarter. Cibc World Market Inc. owned 0.05% of iShares MSCI Brazil ETF worth $3,044,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EWZ. Truxt Investmentos Ltda. acquired a new position in shares of iShares MSCI Brazil ETF in the 3rd quarter worth approximately $25,000. Aberdeen Wealth Management LLC bought a new stake in iShares MSCI Brazil ETF in the second quarter valued at $29,000. Private Trust Co. NA raised its stake in iShares MSCI Brazil ETF by 114.4% during the third quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 572 shares in the last quarter. First Horizon Advisors Inc. raised its stake in iShares MSCI Brazil ETF by 143.5% during the second quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 775 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of 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 valued at $38,000 after acquiring an additional 970 shares during the period. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

EWZ opened at $38.06 on Monday. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87. The firm’s 50-day simple moving average is $34.23 and its 200-day simple moving average is $31.73. iShares MSCI Brazil ETF has a twelve month low of $23.05 and a twelve month high of $39.45.

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.