iShares MSCI Brazil ETF (NYSEARCA:EWZ) Shares Gap Down to $29.86

iShares MSCI Brazil ETF (NYSEARCA:EWZ)’s share price gapped down before the market opened on Friday . The stock had previously closed at $29.86, but opened at $29.26. iShares MSCI Brazil ETF shares last traded at $29.44, with a volume of 2,836,917 shares traded.

iShares MSCI Brazil ETF Price Performance

The stock’s fifty day simple moving average is $28.64 and its 200-day simple moving average is $30.44. The company has a market capitalization of $4.65 billion, a P/E ratio of 5.65 and a beta of 0.93.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC acquired a new stake in iShares MSCI Brazil ETF in the 2nd quarter worth $36,000. Global Retirement Partners LLC grew its position in iShares MSCI Brazil ETF by 131.5% during the first quarter. Global Retirement Partners LLC now owns 1,609 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 914 shares in the last quarter. International Assets Investment Management LLC bought a new position in iShares MSCI Brazil ETF during the second quarter valued at about $61,000. CWM LLC raised its holdings in iShares MSCI Brazil ETF by 288.6% in the 1st quarter. CWM LLC now owns 2,390 shares of the exchange traded fund’s stock valued at $77,000 after acquiring an additional 1,775 shares in the last quarter. Finally, Hollencrest Capital Management bought a new stake in shares of iShares MSCI Brazil ETF in the 2nd quarter worth approximately $102,000.

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).