iShares MSCI Brazil ETF $EWZ Shares Sold by Cobblestone Asset Management LLC

Cobblestone Asset Management LLC lowered its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 36.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,505 shares of the exchange traded fund’s stock after selling 22,746 shares during the quarter. Cobblestone Asset Management LLC’s holdings in iShares MSCI Brazil ETF were worth $1,287,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in EWZ. Armstrong Advisory Group Inc. increased its holdings in shares of iShares MSCI Brazil ETF by 1.3% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,276,599 shares of the exchange traded fund’s stock valued at $40,558,000 after purchasing an additional 16,367 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of iShares MSCI Brazil ETF by 24.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,013 shares of the exchange traded fund’s stock valued at $431,000 after purchasing an additional 2,555 shares during the period. Miller Global Investments LLC purchased a new stake in iShares MSCI Brazil ETF during the fourth quarter worth about $232,000. GK Wealth Management LLC grew its position in iShares MSCI Brazil ETF by 27.3% during the fourth quarter. GK Wealth Management LLC now owns 11,233 shares of the exchange traded fund’s stock worth $357,000 after buying an additional 2,406 shares during the period. Finally, Union Bancaire Privee UBP SA grew its position in iShares MSCI Brazil ETF by 40.5% during the fourth quarter. Union Bancaire Privee UBP SA now owns 19,488 shares of the exchange traded fund’s stock worth $619,000 after buying an additional 5,613 shares during the period. 72.69% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Trading Up 4.4%

Shares of iShares MSCI Brazil ETF stock opened at $38.39 on Wednesday. The company has a 50-day moving average of $37.45 and a two-hundred day moving average of $33.75. 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 cap of $9.06 billion, a PE 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.