iShares MSCI Brazil ETF $EWZ Shares Sold by Point Nemo Capital LLC

Point Nemo Capital LLC reduced its holdings in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 87.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,623 shares of the exchange traded fund’s stock after selling 25,240 shares during the quarter. Point Nemo Capital LLC’s holdings in iShares MSCI Brazil ETF were worth $135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EWZ. Continuum Advisory LLC purchased a new position in iShares MSCI Brazil ETF in the 2nd quarter valued at approximately $25,000. Latitude Advisors LLC bought a new stake in iShares MSCI Brazil ETF during the 3rd quarter valued at $34,000. XP Advisory US Inc. bought a new stake in iShares MSCI Brazil ETF during the 2nd quarter valued at $33,000. Highland Investment Advisors LLC bought a new stake in iShares MSCI Brazil ETF during the 2nd quarter valued at $46,000. Finally, Timbuktu Capital Management LLC purchased a new stake in shares of iShares MSCI Brazil ETF during the second quarter worth $79,000. 72.69% of the stock is owned by institutional investors.

iShares MSCI Brazil ETF Price Performance

NYSEARCA:EWZ opened at $31.98 on Friday. iShares MSCI Brazil ETF has a 1 year low of $30.72 and a 1 year high of $43.90. The stock’s fifty day moving average price is $38.06 and its two-hundred day moving average price is $37.11. The company has a market cap of $9.33 billion, a P/E ratio of 9.58 and a beta of 0.66.

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). The Index seeks to measure the performance of the Brazilian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.