iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) Stock Price Down 4% – Here’s Why

iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) fell 4% during trading on Friday . The company traded as low as $13.24 and last traded at $13.27. 180,819 shares traded hands during trading, a decline of 68% from the average session volume of 573,472 shares. The stock had previously closed at $13.82.

iShares MSCI Brazil Small-Cap ETF Stock Down 4.0%

The business’s fifty day moving average is $14.75 and its 200-day moving average is $14.33. The stock has a market capitalization of $291.28 million, a PE ratio of 10.78 and a beta of 0.75.

Institutional Trading of iShares MSCI Brazil Small-Cap ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Triumph Capital Management purchased a new position in iShares MSCI Brazil Small-Cap ETF in the 3rd quarter worth approximately $25,000. Geneos Wealth Management Inc. acquired a new position in shares of iShares MSCI Brazil Small-Cap ETF during the second quarter worth $47,000. SPX Gestao de Recursos Ltda purchased a new position in shares of iShares MSCI Brazil Small-Cap ETF in the first quarter valued at $54,000. Envestnet Asset Management Inc. boosted its stake in shares of iShares MSCI Brazil Small-Cap ETF by 30.1% in the third quarter. Envestnet Asset Management Inc. now owns 15,760 shares of the company’s stock valued at $219,000 after purchasing an additional 3,642 shares during the period. Finally, Bank of Nova Scotia grew its holdings in iShares MSCI Brazil Small-Cap ETF by 8.4% during the 2nd quarter. Bank of Nova Scotia now owns 58,332 shares of the company’s stock valued at $773,000 after purchasing an additional 4,500 shares in the last quarter.

About iShares MSCI Brazil Small-Cap ETF

iShares MSCI Brazil Small-Cap ETF, formerly iShares MSCI Brazil Small Cap Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Brazil Small Cap Index (the Underlying Index). The Underlying Index is a free-float adjusted market capitalization weighted index designed to measure the performance of equity securities in the bottom 14% by market capitalization of equity securities listed on stock exchanges in Brazil.