iShares MSCI Brazil ETF $EWZ Stake Lessened by Corecam Pte. Ltd.

Corecam Pte. Ltd. lessened its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 53.7% during the third quarter, Holdings Channel.com reports. The fund owned 260,025 shares of the exchange traded fund’s stock after selling 301,860 shares during the period. iShares MSCI Brazil ETF accounts for about 4.0% of Corecam Pte. Ltd.’s holdings, making the stock its 6th biggest holding. Corecam Pte. Ltd.’s holdings in iShares MSCI Brazil ETF were worth $9,686,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC acquired a new stake in iShares MSCI Brazil ETF in the second quarter worth approximately $25,000. XP Advisory US Inc. bought a new position in iShares MSCI Brazil ETF during the 2nd quarter valued at $33,000. Highland Investment Advisors LLC bought a new position in iShares MSCI Brazil ETF during the 2nd quarter valued at $46,000. Timbuktu Capital Management LLC bought a new position in iShares MSCI Brazil ETF during the 2nd quarter valued at $79,000. Finally, Polaris Financial Partners acquired a new position in shares of iShares MSCI Brazil ETF during the 3rd quarter valued at $90,000. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

EWZ opened at $42.59 on Friday. iShares MSCI Brazil ETF has a one year low of $30.44 and a one year high of $43.90. The stock’s fifty day moving average is $38.54 and its 200-day moving average is $37.24. The company has a market capitalization of $13.99 billion, a PE ratio of 9.58 and a beta of 0.57.

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.