iShares MSCI Brazil ETF (NYSEARCA:EWZ) Hits New 1-Year High – Time to Buy?

iShares MSCI Brazil ETF (NYSEARCA:EWZ)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $36.90 and last traded at $36.61, with a volume of 51684335 shares. The stock had previously closed at $36.59.

iShares MSCI Brazil ETF Stock Up 0.1%

The firm has a market cap of $8.29 billion, a PE ratio of 9.58 and a beta of 0.87. The firm’s 50 day moving average is $32.88 and its 200-day moving average is $30.67.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Phoenix Financial Ltd. grew its position in shares of iShares MSCI Brazil ETF by 276.2% in the second quarter. Phoenix Financial Ltd. now owns 6,609,000 shares of the exchange traded fund’s stock valued at $190,670,000 after purchasing an additional 4,852,250 shares during the period. MKP Capital Management L.L.C. acquired a new stake in iShares MSCI Brazil ETF in the 3rd quarter worth about $68,820,000. Two Sigma Investments LP grew its holdings in iShares MSCI Brazil ETF by 9,552.4% in the 3rd quarter. Two Sigma Investments LP now owns 1,585,218 shares of the exchange traded fund’s stock valued at $49,142,000 after buying an additional 1,568,795 shares during the period. SPX Gestao de Recursos Ltda increased its stake in shares of iShares MSCI Brazil ETF by 700.0% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 1,600,000 shares of the exchange traded fund’s stock valued at $49,600,000 after acquiring an additional 1,400,000 shares during the last quarter. Finally, Man Group plc increased its stake in shares of iShares MSCI Brazil ETF by 7,362.6% during the 2nd quarter. Man Group plc now owns 1,392,230 shares of the exchange traded fund’s stock valued at $40,166,000 after acquiring an additional 1,373,574 shares during the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

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.