iShares MSCI Brazil ETF (NYSEARCA:EWZ) Sees Unusually-High Trading Volume – Still a Buy?

by · The Markets Daily

Shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ – Get Free Report) saw an uptick in trading volume on Friday . 116,429,298 shares traded hands during trading, an increase of 360% from the previous session’s volume of 25,328,311 shares.The stock last traded at $32.7450 and had previously closed at $34.72.

iShares MSCI Brazil ETF Stock Down 6.3%

The firm has a 50-day simple moving average of $31.47 and a 200-day simple moving average of $29.41. The stock has a market cap of $6.29 billion, a PE ratio of 9.58 and a beta of 0.87.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

A number of large investors have recently modified their holdings of EWZ. Goldman Sachs Group Inc. boosted its holdings in iShares MSCI Brazil ETF by 64.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,083,684 shares of the exchange traded fund’s stock valued at $545,013,000 after purchasing an additional 8,271,979 shares during the period. Phoenix Financial Ltd. grew its position in iShares MSCI Brazil ETF by 276.2% during the second quarter. Phoenix Financial Ltd. now owns 6,609,000 shares of the exchange traded fund’s stock worth $190,670,000 after buying an additional 4,852,250 shares in the last quarter. New Vernon Capital Holdings II LLC bought a new position in iShares MSCI Brazil ETF in the 1st quarter worth about $156,653,000. MKP Capital Management L.L.C. bought a new stake in shares of iShares MSCI Brazil ETF during the 3rd quarter valued at about $68,820,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of iShares MSCI Brazil ETF by 71.4% during the third quarter. JPMorgan Chase & Co. now owns 2,110,619 shares of the exchange traded fund’s stock worth $65,429,000 after purchasing an additional 879,500 shares in the last quarter. 72.69% of the stock is currently owned by institutional investors.

About iShares MSCI Brazil ETF

(Get Free Report)

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).

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