Summit Securities Group LLC Sells 28,200 Shares of iShares MSCI Brazil ETF $EWZ

Summit Securities Group LLC decreased its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 63.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,900 shares of the exchange traded fund’s stock after selling 28,200 shares during the quarter. Summit Securities Group LLC’s holdings in iShares MSCI Brazil ETF were worth $610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EWZ. Kestra Advisory Services LLC boosted its holdings in shares of iShares MSCI Brazil ETF by 23.0% during the 1st quarter. Kestra Advisory Services LLC now owns 41,205 shares of the exchange traded fund’s stock valued at $1,582,000 after acquiring an additional 7,692 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in iShares MSCI Brazil ETF by 24.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 61,570 shares of the exchange traded fund’s stock worth $2,364,000 after purchasing an additional 12,200 shares during the last quarter. Capstone Capital Management Ltd purchased a new stake in iShares MSCI Brazil ETF in the first quarter worth approximately $499,000. Montag A & Associates Inc. purchased a new stake in iShares MSCI Brazil ETF in the first quarter worth approximately $259,000. Finally, Revisor Wealth Management LLC grew its position in iShares MSCI Brazil ETF by 2.7% in the 1st quarter. Revisor Wealth Management LLC now owns 35,939 shares of the exchange traded fund’s stock worth $1,380,000 after purchasing an additional 949 shares during the period. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Up 1.6%

Shares of EWZ opened at $34.96 on Friday. The firm has a market cap of $9.08 billion, a PE ratio of 9.58 and a beta of 0.61. The firm has a fifty day simple moving average of $35.71 and a two-hundred day simple moving average of $36.44. iShares MSCI Brazil ETF has a 1-year low of $26.30 and a 1-year high of $42.02.

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). 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.