iShares MSCI Brazil ETF (NYSEARCA:EWZ) Sets New 12-Month Low – What’s Next?

iShares MSCI Brazil ETF (NYSEARCA:EWZ) reached a new 52-week low during trading on Monday . The company traded as low as $25.00 and last traded at $25.19, with a volume of 2328835 shares traded. The stock had previously closed at $25.25.

iShares MSCI Brazil ETF Trading Down 0.5 %

The company has a fifty day moving average price of $27.39 and a two-hundred day moving average price of $28.33. The firm has a market cap of $3.95 billion, a P/E ratio of 5.65 and a beta of 0.93.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC raised its position in iShares MSCI Brazil ETF by 9.4% in the 3rd quarter. Private Advisor Group LLC now owns 50,699 shares of the exchange traded fund’s stock valued at $1,495,000 after buying an additional 4,343 shares during the last quarter. CWM LLC lifted its position in shares of iShares MSCI Brazil ETF by 17.2% in the second quarter. CWM LLC now owns 2,802 shares of the exchange traded fund’s stock worth $77,000 after purchasing an additional 412 shares in the last quarter. Wellington Shields Capital Management LLC boosted its holdings in iShares MSCI Brazil ETF by 0.9% during the second quarter. Wellington Shields Capital Management LLC now owns 55,300 shares of the exchange traded fund’s stock worth $1,511,000 after purchasing an additional 500 shares during the last quarter. DRW Securities LLC grew its position in iShares MSCI Brazil ETF by 283.8% in the second quarter. DRW Securities LLC now owns 592,859 shares of the exchange traded fund’s stock valued at $16,203,000 after purchasing an additional 438,376 shares in the last quarter. Finally, Raymond James & Associates increased its stake in iShares MSCI Brazil ETF by 90.1% in the 2nd quarter. Raymond James & Associates now owns 160,081 shares of the exchange traded fund’s stock valued at $4,375,000 after buying an additional 75,851 shares during the last quarter.

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).