Avanda Investment Management Pte. Ltd. Sells 34,484 Shares of iShares MSCI Brazil ETF $EWZ

Avanda Investment Management Pte. Ltd. cut its stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 69.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,208 shares of the exchange traded fund’s stock after selling 34,484 shares during the quarter. Avanda Investment Management Pte. Ltd.’s holdings in iShares MSCI Brazil ETF were worth $484,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. First National Bank of Omaha purchased a new position in iShares MSCI Brazil ETF during the fourth quarter worth about $1,645,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in iShares MSCI Brazil ETF during the fourth quarter worth about $387,000. Wells Fargo & Company MN grew its position in iShares MSCI Brazil ETF by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 467,829 shares of the exchange traded fund’s stock worth $14,863,000 after buying an additional 70,044 shares in the last quarter. Banco Santander S.A. grew its position in iShares MSCI Brazil ETF by 128.3% during the fourth quarter. Banco Santander S.A. now owns 346,177 shares of the exchange traded fund’s stock worth $10,998,000 after buying an additional 194,564 shares in the last quarter. Finally, Allianz SE grew its position in iShares MSCI Brazil ETF by 2.3% during the fourth quarter. Allianz SE now owns 64,227 shares of the exchange traded fund’s stock worth $2,040,000 after buying an additional 1,471 shares in the last quarter. 72.69% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Stock Up 0.8%

Shares of EWZ stock opened at $35.10 on Friday. The business has a 50-day moving average price of $37.95 and a two-hundred day moving average price of $36.22. iShares MSCI Brazil ETF has a 12-month low of $26.30 and a 12-month high of $42.02. The firm has a market cap of $10.24 billion, a P/E ratio of 9.58 and a beta of 0.61.

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). The Index seeks to measure the performance of the Brazilian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.