Weil Company Inc. Cuts Stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Weil Company Inc. cut its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 25.9% in the second quarter, Holdings Channel reports. The fund owned 44,179 shares of the exchange traded fund’s stock after selling 15,456 shares during the quarter. Weil Company Inc.’s holdings in iShares MSCI Brazil ETF were worth $1,207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Nova Scotia increased its holdings in shares of iShares MSCI Brazil ETF by 383.9% in the 4th quarter. Bank of Nova Scotia now owns 3,552,853 shares of the exchange traded fund’s stock valued at $124,208,000 after acquiring an additional 2,818,566 shares during the period. Bridgewater Associates LP bought a new position in iShares MSCI Brazil ETF in the fourth quarter worth about $96,166,000. OLD Mission Capital LLC bought a new position in iShares MSCI Brazil ETF in the fourth quarter worth about $58,247,000. National Bank of Canada FI lifted its position in shares of iShares MSCI Brazil ETF by 39,171.3% during the first quarter. National Bank of Canada FI now owns 1,462,855 shares of the exchange traded fund’s stock valued at $46,241,000 after buying an additional 1,459,130 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of iShares MSCI Brazil ETF by 65.3% in the 2nd quarter. SG Americas Securities LLC now owns 2,527,458 shares of the exchange traded fund’s stock valued at $69,075,000 after buying an additional 998,123 shares in the last quarter.

iShares MSCI Brazil ETF Stock Down 2.0 %

NYSEARCA EWZ opened at $29.36 on Friday. iShares MSCI Brazil ETF has a 52 week low of $26.23 and a 52 week high of $35.74. The company has a 50 day moving average price of $28.89 and a 200 day moving average price of $30.31. The firm has a market cap of $4.61 billion, a PE ratio of 5.65 and a beta of 0.93.

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).