Hsbc Holdings PLC Trims Position in iShares MSCI Brazil ETF $EWZ

Hsbc Holdings PLC lessened its holdings in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 58.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,541 shares of the exchange traded fund’s stock after selling 75,982 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares MSCI Brazil ETF were worth $2,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EWZ. Kestra Advisory Services LLC boosted its holdings in iShares MSCI Brazil ETF by 23.0% in the first quarter. Kestra Advisory Services LLC now owns 41,205 shares of the exchange traded fund’s stock valued at $1,582,000 after acquiring an additional 7,692 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in iShares MSCI Brazil ETF by 24.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 61,570 shares of the exchange traded fund’s stock worth $2,364,000 after purchasing an additional 12,200 shares in the last quarter. Capstone Capital Management Ltd purchased a new stake in shares of iShares MSCI Brazil ETF in the 1st quarter worth about $499,000. Montag A & Associates Inc. purchased a new stake in shares of iShares MSCI Brazil ETF in the 1st quarter worth about $259,000. Finally, Revisor Wealth Management LLC boosted its stake in shares of iShares MSCI Brazil ETF by 2.7% during the 1st quarter. Revisor Wealth Management LLC now owns 35,939 shares of the exchange traded fund’s stock valued at $1,380,000 after purchasing an additional 949 shares in the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

Shares of NYSEARCA EWZ opened at $35.73 on Monday. iShares MSCI Brazil ETF has a 1 year low of $26.30 and a 1 year high of $42.02. The company’s 50-day moving average is $35.12 and its 200 day moving average is $36.75. The stock has a market capitalization of $9.05 billion, a P/E ratio of 9.58 and a beta of 0.61.

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.