iShares MSCI Brazil ETF (NYSEARCA:EWZ) Shares Down 4.4% – What’s Next?

iShares MSCI Brazil ETF (NYSEARCA:EWZ)’s stock price fell 4.4% during mid-day trading on Wednesday . The company traded as low as $22.89 and last traded at $22.95. 25,298,432 shares were traded during mid-day trading, an increase of 21% from the average session volume of 20,959,568 shares. The stock had previously closed at $24.00.

iShares MSCI Brazil ETF Stock Down 6.7 %

The stock has a fifty day moving average price of $27.30 and a 200-day moving average price of $28.30. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 5.65 and a beta of 0.93.

Institutional Trading of iShares MSCI Brazil ETF

A number of institutional investors have recently bought and sold shares of EWZ. FMR LLC lifted 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 valued at $28,000 after acquiring an additional 602 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the second quarter valued at $36,000. International Assets Investment Management LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the second quarter valued at $61,000. Hollencrest Capital Management purchased a new stake in shares of iShares MSCI Brazil ETF in the second quarter valued at $102,000. Finally, Retirement Planning Co of New England Inc. lifted its position in shares of iShares MSCI Brazil ETF by 8.5% in the second quarter. Retirement Planning Co of New England Inc. now owns 7,352 shares of the exchange traded fund’s stock valued at $201,000 after acquiring an additional 578 shares in the last quarter.

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).