iShares MSCI Brazil ETF (NYSEARCA:EWZ) Reaches New 52-Week Low – Here’s What Happened

iShares MSCI Brazil ETF (NYSEARCA:EWZ)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $22.26 and last traded at $22.29, with a volume of 877196 shares. The stock had previously closed at $22.51.

iShares MSCI Brazil ETF Stock Down 1.0 %

The firm’s fifty day simple moving average is $25.96 and its 200-day simple moving average is $27.81. The firm has a market capitalization of $3.50 billion, a PE ratio of 5.65 and a beta of 0.93.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zacks Investment Management increased its position in shares of iShares MSCI Brazil ETF by 1.9% during the 3rd quarter. Zacks Investment Management now owns 25,883 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 484 shares during the last quarter. Wellington Shields Capital Management LLC increased its holdings in iShares MSCI Brazil ETF by 0.9% during the second quarter. Wellington Shields Capital Management LLC now owns 55,300 shares of the exchange traded fund’s stock valued at $1,511,000 after buying an additional 500 shares during the last quarter. Retirement Planning Co of New England Inc. raised its position in 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 worth $201,000 after acquiring an additional 578 shares during the period. FMR LLC boosted its stake in shares of iShares MSCI Brazil ETF by 174.5% during the 3rd quarter. FMR LLC now owns 947 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 602 shares during the last quarter. Finally, Insigneo Advisory Services LLC grew its position in shares of iShares MSCI Brazil ETF by 7.1% during the 3rd quarter. Insigneo Advisory Services LLC now owns 16,242 shares of the exchange traded fund’s stock valued at $479,000 after acquiring an additional 1,079 shares during the period.

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).