Kovack Advisors Inc. Sells 2,727 Shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Kovack Advisors Inc. cut its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 24.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,251 shares of the exchange traded fund’s stock after selling 2,727 shares during the period. Kovack Advisors Inc.’s holdings in iShares MSCI Brazil ETF were worth $267,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Brookstone Capital Management lifted its stake in iShares MSCI Brazil ETF by 6.7% during the 1st quarter. Brookstone Capital Management now owns 18,947 shares of the exchange traded fund’s stock valued at $614,000 after acquiring an additional 1,194 shares in the last quarter. Banque Pictet & Cie SA lifted its stake in iShares MSCI Brazil ETF by 1.3% during the 3rd quarter. Banque Pictet & Cie SA now owns 234,824 shares of the exchange traded fund’s stock valued at $7,202,000 after acquiring an additional 3,000 shares in the last quarter. Stifel Financial Corp increased its position in shares of iShares MSCI Brazil ETF by 6.4% during the 4th quarter. Stifel Financial Corp now owns 132,825 shares of the exchange traded fund’s stock valued at $4,644,000 after purchasing an additional 8,027 shares during the last quarter. Pekin Hardy Strauss Inc. increased its position in shares of iShares MSCI Brazil ETF by 4.6% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 181,232 shares of the exchange traded fund’s stock valued at $6,336,000 after purchasing an additional 7,923 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of iShares MSCI Brazil ETF by 35.6% during the 3rd quarter. Morgan Stanley now owns 9,253,730 shares of the exchange traded fund’s stock valued at $283,812,000 after purchasing an additional 2,428,079 shares during the last quarter.

iShares MSCI Brazil ETF Price Performance

Shares of iShares MSCI Brazil ETF stock opened at $28.05 on Friday. iShares MSCI Brazil ETF has a 1 year low of $26.83 and a 1 year high of $35.74. The firm has a market cap of $4.41 billion, a PE ratio of 5.65 and a beta of 0.93. The stock has a fifty day moving average price of $29.67 and a 200-day moving average price of $31.81.

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).