Rafferty Asset Management LLC Has $63.78 Million Holdings in iShares MSCI Brazil ETF $EWZ

Rafferty Asset Management LLC lowered its stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 22.4% during the third quarter, HoldingsChannel.com reports. The firm owned 2,057,528 shares of the exchange traded fund’s stock after selling 593,542 shares during the period. Rafferty Asset Management LLC’s holdings in iShares MSCI Brazil ETF were worth $63,783,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EWZ. Global Retirement Partners LLC increased its position in shares of iShares MSCI Brazil ETF by 11.0% in the 3rd quarter. Global Retirement Partners LLC now owns 3,975 shares of the exchange traded fund’s stock valued at $123,000 after buying an additional 395 shares in the last quarter. Retirement Planning Co of New England Inc. lifted its stake in iShares MSCI Brazil ETF by 5.4% in the third quarter. Retirement Planning Co of New England Inc. now owns 8,093 shares of the exchange traded fund’s stock valued at $251,000 after acquiring an additional 413 shares during the last quarter. Samalin Investment Counsel LLC boosted its stake in shares of iShares MSCI Brazil ETF by 5.1% during the 3rd quarter. Samalin Investment Counsel LLC now owns 8,699 shares of the exchange traded fund’s stock worth $270,000 after acquiring an additional 425 shares during the period. Private Trust Co. NA grew its stake in iShares MSCI Brazil ETF by 114.4% in the 3rd quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 572 shares during the last quarter. Finally, Cairn Investment Group Inc. grew its holdings in iShares MSCI Brazil ETF by 0.3% in the 3rd quarter. Cairn Investment Group Inc. now owns 285,470 shares of the exchange traded fund’s stock valued at $8,850,000 after buying an additional 765 shares in the last quarter. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

EWZ opened at $38.73 on Friday. The business’s fifty day moving average is $35.51 and its 200-day moving average is $32.47. iShares MSCI Brazil ETF has a 52-week low of $23.05 and a 52-week high of $39.69. The firm has a market cap of $9.14 billion, a P/E ratio of 9.58 and a beta of 0.87.

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.