iShares MSCI Brazil ETF (NYSEARCA:EWZ) Shares Gap Down – Here’s What Happened

iShares MSCI Brazil ETF (NYSEARCA:EWZ) gapped down before the market opened on Tuesday . The stock had previously closed at $33.58, but opened at $32.10. iShares MSCI Brazil ETF shares last traded at $31.6940, with a volume of 15,481,538 shares.

iShares MSCI Brazil ETF Stock Performance

The business has a 50-day moving average of $31.80 and a 200-day moving average of $29.69. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

A number of institutional investors have recently made changes to their positions in the stock. Truxt Investmentos Ltda. acquired a new stake in iShares MSCI Brazil ETF in the 3rd quarter valued at approximately $25,000. Ameriflex Group Inc. boosted its position in shares of iShares MSCI Brazil ETF by 100.0% during the third quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 440 shares during the period. Aberdeen Wealth Management LLC purchased a new position in shares of iShares MSCI Brazil ETF during the second quarter worth $29,000. Private Trust Co. NA grew its stake in shares of iShares MSCI Brazil ETF by 114.4% in the third quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 572 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of iShares MSCI Brazil ETF by 143.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,315 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 775 shares during the period. 72.69% of the stock is currently owned by institutional investors and hedge funds.

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).