CI Investments Inc. Sells 14,900 Shares of iShares MSCI Brazil ETF $EWZ

CI Investments Inc. trimmed its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 59.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the exchange traded fund’s stock after selling 14,900 shares during the quarter. CI Investments Inc.’s holdings in iShares MSCI Brazil ETF were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC increased its holdings in iShares MSCI Brazil ETF by 16.7% during the fourth quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock worth $65,000 after buying an additional 293 shares during the last quarter. 3EDGE Asset Management LP boosted its stake in iShares MSCI Brazil ETF by 2.6% in the fourth quarter. 3EDGE Asset Management LP now owns 14,885 shares of the exchange traded fund’s stock valued at $473,000 after acquiring an additional 382 shares during the last quarter. Nwam LLC boosted its stake in iShares MSCI Brazil ETF by 2.2% in the fourth quarter. Nwam LLC now owns 18,410 shares of the exchange traded fund’s stock valued at $585,000 after acquiring an additional 397 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of iShares MSCI Brazil ETF by 2.2% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 20,069 shares of the exchange traded fund’s stock valued at $638,000 after acquiring an additional 423 shares during the period. Finally, Retirement Planning Co of New England Inc. grew its position in shares of iShares MSCI Brazil ETF by 5.2% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 8,516 shares of the exchange traded fund’s stock valued at $271,000 after acquiring an additional 423 shares during the period. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Down 1.2%

Shares of EWZ stock opened at $35.73 on Friday. The company has a 50 day moving average of $35.12 and a 200-day moving average of $36.72. iShares MSCI Brazil ETF has a 12-month low of $26.30 and a 12-month high of $42.02. The firm has a market cap of $9.05 billion, a P/E ratio of 9.58 and a beta of 0.61.

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.