iShares MSCI Brazil ETF (NYSEARCA:EWZ) Hits New 52-Week Low – Time to Sell?

iShares MSCI Brazil ETF (NYSEARCA:EWZ) shares hit a new 52-week low during trading on Friday . The company traded as low as $25.20 and last traded at $25.20, with a volume of 2354828 shares traded. The stock had previously closed at $26.46.

iShares MSCI Brazil ETF Stock Down 3.6 %

The stock has a 50-day moving average of $28.17 and a 200 day moving average of $28.75. The stock has a market cap of $4.01 billion, a PE ratio of 5.65 and a beta of 0.93.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

A number of large investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. increased its position in shares of iShares MSCI Brazil ETF by 606.2% during the third quarter. Itau Unibanco Holding S.A. now owns 1,189,412 shares of the exchange traded fund’s stock worth $35,076,000 after purchasing an additional 1,020,993 shares in the last quarter. LMR Partners LLP raised its holdings in shares of iShares MSCI Brazil ETF by 111.3% in the 3rd quarter. LMR Partners LLP now owns 101,576 shares of the exchange traded fund’s stock valued at $2,995,000 after buying an additional 1,001,576 shares during the period. SG Americas Securities LLC increased its stake in iShares MSCI Brazil ETF by 65.3% during the second quarter. SG Americas Securities LLC now owns 2,527,458 shares of the exchange traded fund’s stock worth $69,075,000 after purchasing an additional 998,123 shares during the period. DRW Securities LLC lifted its holdings in iShares MSCI Brazil ETF by 283.8% during the 2nd quarter. DRW Securities LLC now owns 592,859 shares of the exchange traded fund’s stock worth $16,203,000 after buying an additional 438,376 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of iShares MSCI Brazil ETF in the third quarter valued at $7,293,000.

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).