Evolution Wealth Advisors LLC Lowers Stock Position in iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Evolution Wealth Advisors LLC reduced its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 16.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,500 shares of the exchange traded fund’s stock after selling 1,900 shares during the period. Evolution Wealth Advisors LLC’s holdings in iShares MSCI Brazil ETF were worth $332,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. KB Financial Partners LLC purchased a new position in iShares MSCI Brazil ETF in the 3rd quarter worth approximately $31,000. PNC Financial Services Group Inc. lifted its holdings in iShares MSCI Brazil ETF by 124.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 902 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 500 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in iShares MSCI Brazil ETF by 193.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,178 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 777 shares in the last quarter. Private Trust Co. NA purchased a new position in iShares MSCI Brazil ETF in the 3rd quarter worth approximately $38,000. Finally, Allworth Financial LP purchased a new position in iShares MSCI Brazil ETF in the 4th quarter worth approximately $83,000.

iShares MSCI Brazil ETF Stock Up 2.1 %

NYSEARCA EWZ traded up $0.63 during trading hours on Friday, reaching $30.74. The company’s stock had a trading volume of 28,348,602 shares, compared to its average volume of 22,005,053. The firm’s 50-day moving average price is $32.40 and its 200-day moving average price is $32.67. iShares MSCI Brazil ETF has a 1 year low of $27.20 and a 1 year high of $35.74. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 5.69 and a beta of 0.93.

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).