Cairn Investment Group Inc. Decreases Stock Position in iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Cairn Investment Group Inc. reduced its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 205,830 shares of the exchange traded fund’s stock after selling 4,820 shares during the quarter. iShares MSCI Brazil ETF makes up about 2.7% of Cairn Investment Group Inc.’s holdings, making the stock its 11th largest position. Cairn Investment Group Inc.’s holdings in iShares MSCI Brazil ETF were worth $4,633,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. grew its position in shares of iShares MSCI Brazil ETF by 606.2% in the third quarter. Itau Unibanco Holding S.A. now owns 1,189,412 shares of the exchange traded fund’s stock valued at $35,076,000 after purchasing an additional 1,020,993 shares in the last quarter. LMR Partners LLP grew its position in shares of iShares MSCI Brazil ETF by 111.3% in the third quarter. LMR Partners LLP now owns 101,576 shares of the exchange traded fund’s stock valued at $2,995,000 after purchasing an additional 1,001,576 shares in the last quarter. Money Design Co. Ltd. purchased a new position in shares of iShares MSCI Brazil ETF in the fourth quarter valued at $19,296,000. Polianta Ltd purchased a new position in shares of iShares MSCI Brazil ETF in the fourth quarter valued at $5,618,000. Finally, Point72 DIFC Ltd purchased a new position in shares of iShares MSCI Brazil ETF in the third quarter valued at $7,293,000.

iShares MSCI Brazil ETF Stock Performance

Shares of NYSEARCA EWZ opened at $24.67 on Thursday. The stock has a market cap of $3.87 billion, a PE ratio of 5.65 and a beta of 0.93. iShares MSCI Brazil ETF has a fifty-two week low of $22.26 and a fifty-two week high of $34.13. The stock has a fifty day moving average of $24.24 and a 200-day moving average of $27.21.

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).