49,549 iShares MSCI Brazil ETF $EWZ Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its position in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 82.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,577 shares of the exchange traded fund’s stock after selling 49,549 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares MSCI Brazil ETF were worth $394,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Nova Scotia grew its stake in iShares MSCI Brazil ETF by 10,490.4% during the 1st quarter. Bank of Nova Scotia now owns 5,507,028 shares of the exchange traded fund’s stock worth $211,416,000 after buying an additional 5,455,028 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in iShares MSCI Brazil ETF by 12,304.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,119,561 shares of the exchange traded fund’s stock valued at $119,760,000 after buying an additional 3,094,413 shares during the last quarter. Bessemer Group Inc. purchased a new stake in iShares MSCI Brazil ETF in the first quarter valued at approximately $108,733,000. Royal Bank of Canada lifted its stake in iShares MSCI Brazil ETF by 23.9% in the first quarter. Royal Bank of Canada now owns 1,636,421 shares of the exchange traded fund’s stock valued at $62,823,000 after buying an additional 316,188 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of iShares MSCI Brazil ETF by 45.7% in the second quarter. Wellington Management Group LLP now owns 1,797,317 shares of the exchange traded fund’s stock valued at $62,007,000 after acquiring an additional 564,165 shares during the period. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

EWZ stock opened at $31.98 on Monday. The company has a market capitalization of $9.33 billion, a P/E ratio of 9.58 and a beta of 0.66. iShares MSCI Brazil ETF has a twelve month low of $30.72 and a twelve month high of $43.90. The business has a 50 day simple moving average of $38.06 and a 200-day simple moving average of $37.11.

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.