Korea Investment CORP Sells 293,000 Shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Korea Investment CORP cut its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 21.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,062,820 shares of the exchange traded fund’s stock after selling 293,000 shares during the period. Korea Investment CORP owned 0.68% of iShares MSCI Brazil ETF worth $23,924,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EWZ. Zacks Investment Management increased its position in shares of iShares MSCI Brazil ETF by 1.9% during the third quarter. Zacks Investment Management now owns 25,883 shares of the exchange traded fund’s stock valued at $763,000 after buying an additional 484 shares during the period. GenTrust LLC increased its holdings in iShares MSCI Brazil ETF by 5.6% during the 4th quarter. GenTrust LLC now owns 9,446 shares of the exchange traded fund’s stock worth $213,000 after acquiring an additional 500 shares during the period. FMR LLC lifted its stake in iShares MSCI Brazil ETF by 174.5% in the 3rd quarter. FMR LLC now owns 947 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 602 shares in the last quarter. Insigneo Advisory Services LLC boosted its holdings in iShares MSCI Brazil ETF by 7.1% in the 3rd quarter. Insigneo Advisory Services LLC now owns 16,242 shares of the exchange traded fund’s stock valued at $479,000 after purchasing an additional 1,079 shares during the period. Finally, V Square Quantitative Management LLC grew its position in shares of iShares MSCI Brazil ETF by 19.7% during the 4th quarter. V Square Quantitative Management LLC now owns 6,640 shares of the exchange traded fund’s stock valued at $149,000 after purchasing an additional 1,094 shares in the last quarter.

iShares MSCI Brazil ETF Stock Performance

Shares of EWZ stock opened at $25.96 on Friday. The company has a market capitalization of $3.32 billion, a PE ratio of 10.38 and a beta of 1.17. iShares MSCI Brazil ETF has a 52-week low of $22.26 and a 52-week high of $33.00. The business’s fifty day moving average is $25.31 and its 200 day moving average is $26.17.

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).