iShares MSCI Brazil ETF $EWZ Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 82.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,577 shares of the exchange traded fund’s stock after selling 49,549 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares MSCI Brazil ETF were worth $394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EWZ. Polianta Ltd purchased a new position in iShares MSCI Brazil ETF in the second quarter valued at approximately $9,356,000. TD Waterhouse Canada Inc. raised its holdings in iShares MSCI Brazil ETF by 204.7% during the second quarter. TD Waterhouse Canada Inc. now owns 96,022 shares of the exchange traded fund’s stock worth $3,281,000 after purchasing an additional 64,506 shares in the last quarter. Nilsine Partners LLC lifted its position in shares of iShares MSCI Brazil ETF by 9.5% during the 2nd quarter. Nilsine Partners LLC now owns 228,895 shares of the exchange traded fund’s stock worth $7,897,000 after buying an additional 19,835 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of iShares MSCI Brazil ETF by 45.7% during the 2nd quarter. Wellington Management Group LLP now owns 1,797,317 shares of the exchange traded fund’s stock worth $62,007,000 after buying an additional 564,165 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of iShares MSCI Brazil ETF during the 1st quarter worth approximately $3,065,000. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

Shares of iShares MSCI Brazil ETF stock opened at $31.98 on Monday. The company has a fifty day simple moving average of $38.06 and a 200-day simple moving average of $37.11. iShares MSCI Brazil ETF has a 12-month low of $30.72 and a 12-month high of $43.90. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 9.58 and a beta of 0.66.

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.