Maven Securities LTD Cuts Position in iShares MSCI Brazil ETF $EWZ

Maven Securities LTD cut its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 71.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 24,500 shares of the exchange traded fund’s stock after selling 61,400 shares during the period. Maven Securities LTD’s holdings in iShares MSCI Brazil ETF were worth $845,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of EWZ. Continuum Advisory LLC bought a new stake in iShares MSCI Brazil ETF during the second quarter worth $25,000. XP Advisory US Inc. bought a new position in iShares MSCI Brazil ETF in the 2nd quarter valued at $33,000. Highland Investment Advisors LLC bought a new position in iShares MSCI Brazil ETF in the 2nd quarter valued at $46,000. NewEdge Advisors LLC grew its stake in iShares MSCI Brazil ETF by 819.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 1,500 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of iShares MSCI Brazil ETF by 16.7% during the 4th quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 293 shares during the last quarter. 72.69% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Price Performance

NYSEARCA EWZ opened at $38.61 on Wednesday. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 9.58 and a beta of 0.62. iShares MSCI Brazil ETF has a one year low of $28.66 and a one year high of $42.02. The business’s fifty day moving average is $35.58 and its 200-day moving average is $36.69.

iShares MSCI Brazil ETF Company 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.