Summit Securities Group LLC Sells 28,200 Shares of iShares MSCI Brazil ETF $EWZ

Summit Securities Group LLC lessened its stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 63.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 15,900 shares of the exchange traded fund’s stock after selling 28,200 shares during the quarter. Summit Securities Group LLC’s holdings in iShares MSCI Brazil ETF were worth $610,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. grew its position in shares of iShares MSCI Brazil ETF by 1.3% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,276,599 shares of the exchange traded fund’s stock valued at $40,558,000 after purchasing an additional 16,367 shares in the last quarter. Quinn Opportunity Partners LLC lifted its position in shares of iShares MSCI Brazil ETF by 175.0% in the third quarter. Quinn Opportunity Partners LLC now owns 220,000 shares of the exchange traded fund’s stock worth $6,820,000 after buying an additional 140,000 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in iShares MSCI Brazil ETF by 586.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 328,458 shares of the exchange traded fund’s stock valued at $10,486,000 after buying an additional 280,639 shares during the last quarter. Matauro LLC boosted its stake in iShares MSCI Brazil ETF by 55.9% during the fourth quarter. Matauro LLC now owns 80,100 shares of the exchange traded fund’s stock valued at $2,545,000 after buying an additional 28,719 shares during the last quarter. Finally, Spectrum Asset Management Inc. NB CA grew its holdings in iShares MSCI Brazil ETF by 16.0% during the 4th quarter. Spectrum Asset Management Inc. NB CA now owns 95,984 shares of the exchange traded fund’s stock valued at $3,060,000 after buying an additional 13,245 shares in the last quarter. 72.69% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Price Performance

Shares of EWZ opened at $34.96 on Friday. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of 9.58 and a beta of 0.61. iShares MSCI Brazil ETF has a 1 year low of $26.30 and a 1 year high of $42.02. The business’s 50 day simple moving average is $35.71 and its 200-day simple moving average is $36.44.

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). 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.