Picton Mahoney Asset Management Trims Stock Position in iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Picton Mahoney Asset Management lessened its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 17.4% during the 4th quarter, Holdings Channel reports. The firm owned 50,952 shares of the exchange traded fund’s stock after selling 10,740 shares during the quarter. Picton Mahoney Asset Management’s holdings in iShares MSCI Brazil ETF were worth $1,147,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in shares of iShares MSCI Brazil ETF by 8.1% in the fourth quarter. SG Americas Securities LLC now owns 1,882,208 shares of the exchange traded fund’s stock valued at $42,369,000 after purchasing an additional 141,277 shares in the last quarter. Itau Unibanco Holding S.A. lifted its stake 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 valued at $35,076,000 after buying an additional 1,020,993 shares during the period. Catalyst Capital Advisors LLC lifted its stake in shares of iShares MSCI Brazil ETF by 43.8% during the fourth quarter. Catalyst Capital Advisors LLC now owns 896,780 shares of the exchange traded fund’s stock valued at $20,187,000 after buying an additional 273,150 shares during the period. Millburn Ridgefield Corp lifted its stake in shares of iShares MSCI Brazil ETF by 43.8% during the fourth quarter. Millburn Ridgefield Corp now owns 896,780 shares of the exchange traded fund’s stock valued at $20,187,000 after buying an additional 273,150 shares during the period. Finally, Money Design Co. Ltd. purchased a new position in shares of iShares MSCI Brazil ETF during the fourth quarter valued at approximately $19,296,000.

iShares MSCI Brazil ETF Stock Performance

Shares of EWZ opened at $25.84 on Friday. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 10.38 and a beta of 1.17. The company’s 50 day simple moving average is $24.64 and its 200 day simple moving average is $26.40. iShares MSCI Brazil ETF has a 1 year low of $22.26 and a 1 year high of $33.00.

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).