iShares MSCI Brazil ETF (NYSEARCA:EWZ) Sets New 52-Week Low – Time to Sell?

Shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) reached a new 52-week low during trading on Friday . The stock traded as low as $25.20 and last traded at $25.20, with a volume of 2354828 shares traded. The stock had previously closed at $26.46.

iShares MSCI Brazil ETF Price Performance

The stock has a market cap of $3.96 billion, a P/E ratio of 5.65 and a beta of 0.93. The stock’s 50-day moving average is $28.25 and its two-hundred day moving average is $28.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. boosted its position in shares of iShares MSCI Brazil ETF by 606.2% during the 3rd 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 acquiring an additional 1,020,993 shares during the last quarter. LMR Partners LLP lifted its position in iShares MSCI Brazil ETF by 111.3% during 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 during the last quarter. SG Americas Securities LLC lifted its position in iShares MSCI Brazil ETF by 65.3% during the second quarter. SG Americas Securities LLC now owns 2,527,458 shares of the exchange traded fund’s stock valued at $69,075,000 after purchasing an additional 998,123 shares during the last quarter. DRW Securities LLC grew its stake in shares of iShares MSCI Brazil ETF by 283.8% in the 2nd quarter. DRW Securities LLC now owns 592,859 shares of the exchange traded fund’s stock worth $16,203,000 after buying an additional 438,376 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of iShares MSCI Brazil ETF in the 3rd quarter worth about $7,293,000.

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).