iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) Trading Up 2.8% – Still a Buy?

iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) shares rose 2.8% on Tuesday . The stock traded as high as $12.82 and last traded at $12.80. 154,987 shares traded hands during trading, a decline of 65% from the average daily volume of 437,148 shares. The stock had previously closed at $12.45.

iShares MSCI Brazil Small-Cap ETF Stock Performance

The company has a market capitalization of $218.73 million, a price-to-earnings ratio of 10.78 and a beta of 0.76. The stock’s fifty day simple moving average is $12.82 and its 200-day simple moving average is $13.99.

iShares MSCI Brazil Small-Cap ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.1385 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in iShares MSCI Brazil Small-Cap ETF by 644.2% in the 1st quarter. Royal Bank of Canada now owns 50,254 shares of the company’s stock valued at $541,000 after purchasing an additional 43,501 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in iShares MSCI Brazil Small-Cap ETF in the second quarter valued at approximately $161,000. Marshall Wace LLP acquired a new stake in iShares MSCI Brazil Small-Cap ETF in the second quarter valued at approximately $138,000. Bank of Nova Scotia lifted its stake in iShares MSCI Brazil Small-Cap ETF by 8.4% in the second quarter. Bank of Nova Scotia now owns 58,332 shares of the company’s stock worth $773,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in iShares MSCI Brazil Small-Cap ETF during the 2nd quarter worth approximately $719,000.

iShares MSCI Brazil Small-Cap ETF Company Profile

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.