JPMorgan Chase & Co. Sells 960,783 Shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ)

JPMorgan Chase & Co. cut its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 15.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,105,832 shares of the exchange traded fund’s stock after selling 960,783 shares during the period. JPMorgan Chase & Co.’s holdings in iShares MSCI Brazil ETF were worth $150,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EWZ. FMR LLC raised its position in shares of iShares MSCI Brazil ETF by 174.5% in the third quarter. FMR LLC now owns 947 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 602 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of iShares MSCI Brazil ETF by 9.4% in the 3rd quarter. Private Advisor Group LLC now owns 50,699 shares of the exchange traded fund’s stock valued at $1,495,000 after acquiring an additional 4,343 shares in the last quarter. Wellington Shields Capital Management LLC boosted its position in shares of iShares MSCI Brazil ETF by 0.9% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 55,300 shares of the exchange traded fund’s stock valued at $1,511,000 after acquiring an additional 500 shares during the last quarter. DRW Securities LLC grew its holdings in shares of iShares MSCI Brazil ETF by 283.8% during the second quarter. DRW Securities LLC now owns 592,859 shares of the exchange traded fund’s stock worth $16,203,000 after purchasing an additional 438,376 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of iShares MSCI Brazil ETF in the second quarter worth approximately $36,000.

iShares MSCI Brazil ETF Price Performance

Shares of EWZ opened at $22.51 on Wednesday. iShares MSCI Brazil ETF has a 1-year low of $22.26 and a 1-year high of $34.88. The company has a market capitalization of $3.54 billion, a P/E ratio of 5.65 and a beta of 0.93. The firm’s 50 day simple moving average is $26.18 and its 200 day simple moving average is $27.88.

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).