Spectrum Asset Management Inc. NB CA Cuts Stake in iShares MSCI Brazil ETF $EWZ

Spectrum Asset Management Inc. NB CA lessened its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 77.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,534 shares of the exchange traded fund’s stock after selling 74,450 shares during the quarter. Spectrum Asset Management Inc. NB CA’s holdings in iShares MSCI Brazil ETF were worth $827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. grew its stake in shares of iShares MSCI Brazil ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 440 shares in the last quarter. NewEdge Advisors LLC lifted its position in iShares MSCI Brazil ETF by 819.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 1,500 shares in the last quarter. Parallel Advisors LLC lifted its position in iShares MSCI Brazil ETF by 16.7% during the 4th quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock worth $65,000 after acquiring an additional 293 shares in the last quarter. Kapitalo Investimentos Ltda boosted its holdings in iShares MSCI Brazil ETF by 462.5% in the 4th quarter. Kapitalo Investimentos Ltda now owns 900,000 shares of the exchange traded fund’s stock worth $72,000 after acquiring an additional 740,000 shares during the period. Finally, Triumph Capital Management purchased a new position in iShares MSCI Brazil ETF in the 3rd quarter worth approximately $90,000. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Up 1.4%

Shares of NYSEARCA:EWZ opened at $34.67 on Friday. The company has a market capitalization of $10.12 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61. The company has a 50 day moving average of $36.79 and a two-hundred day moving average of $36.27. iShares MSCI Brazil ETF has a 52-week low of $26.30 and a 52-week high of $42.02.

iShares MSCI Brazil ETF Company 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.