Avanda Investment Management Pte. Ltd. Cuts Stock Holdings in iShares MSCI Brazil ETF $EWZ

Avanda Investment Management Pte. Ltd. cut its position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 50.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,692 shares of the exchange traded fund’s stock after selling 49,693 shares during the period. iShares MSCI Brazil ETF accounts for 1.2% of Avanda Investment Management Pte. Ltd.’s holdings, making the stock its 15th biggest position. Avanda Investment Management Pte. Ltd.’s holdings in iShares MSCI Brazil ETF were worth $1,540,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Belvedere Trading LLC purchased a new position in iShares MSCI Brazil ETF in the 3rd quarter valued at about $537,000. Sumitomo Mitsui Trust Group Inc. increased its stake in iShares MSCI Brazil ETF by 152.9% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 32,670 shares of the exchange traded fund’s stock worth $943,000 after buying an additional 19,750 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of iShares MSCI Brazil ETF by 298.7% during the second quarter. Osaic Holdings Inc. now owns 72,457 shares of the exchange traded fund’s stock valued at $2,091,000 after acquiring an additional 54,284 shares during the last quarter. Armstrong Advisory Group Inc. raised its holdings in shares of iShares MSCI Brazil ETF by 1.5% during the third quarter. Armstrong Advisory Group Inc. now owns 1,260,232 shares of the exchange traded fund’s stock valued at $39,067,000 after acquiring an additional 18,377 shares during the last quarter. Finally, Bank of Nova Scotia lifted its position in shares of iShares MSCI Brazil ETF by 105.0% in the second quarter. Bank of Nova Scotia now owns 214,300 shares of the exchange traded fund’s stock valued at $6,183,000 after acquiring an additional 109,761 shares in the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

Shares of EWZ opened at $38.06 on Friday. iShares MSCI Brazil ETF has a one year low of $23.05 and a one year high of $39.45. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87. The stock has a 50 day moving average price of $34.23 and a 200 day moving average price of $31.70.

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.