iShares MSCI Brazil ETF (NYSEARCA:EWZ) Reaches New 12-Month Low – Here’s Why

iShares MSCI Brazil ETF (NYSEARCA:EWZ) reached a new 52-week low during trading on Monday . The stock 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 Stock Performance

The stock has a 50-day moving average price of $27.30 and a two-hundred day moving average price of $28.30. The stock has a market capitalization of $3.77 billion, a PE ratio of 5.65 and a beta of 0.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise raised its position in shares of iShares MSCI Brazil ETF by 2.3% during the 2nd quarter. Banque Cantonale Vaudoise now owns 19,189 shares of the exchange traded fund’s stock valued at $524,000 after buying an additional 434 shares in the last quarter. Zacks Investment Management grew its holdings in iShares MSCI Brazil ETF by 1.9% during the 3rd quarter. Zacks Investment Management now owns 25,883 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 484 shares during the last quarter. Wellington Shields Capital Management LLC lifted its stake in iShares MSCI Brazil ETF by 0.9% in 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. Retirement Planning Co of New England Inc. raised its holdings in shares of iShares MSCI Brazil ETF by 8.5% in the second quarter. Retirement Planning Co of New England Inc. now owns 7,352 shares of the exchange traded fund’s stock worth $201,000 after buying an additional 578 shares during the period. Finally, FMR LLC boosted its holdings in iShares MSCI Brazil ETF by 174.5% during the 3rd quarter. FMR LLC now owns 947 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 602 shares during the period.

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).