Millburn Ridgefield LLC DE Lowers Stake in iShares MSCI Brazil ETF $EWZ

Millburn Ridgefield LLC DE lessened its position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 659,985 shares of the exchange traded fund’s stock after selling 15,894 shares during the period. iShares MSCI Brazil ETF makes up 0.5% of Millburn Ridgefield LLC DE’s portfolio, making the stock its 27th biggest position. Millburn Ridgefield LLC DE’s holdings in iShares MSCI Brazil ETF were worth $20,968,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Truxt Investmentos Ltda. purchased a new stake in iShares MSCI Brazil ETF during the third quarter valued at about $25,000. Ameriflex Group Inc. grew its position in iShares MSCI Brazil ETF by 100.0% during the third quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 440 shares during the period. Farther Finance Advisors LLC grew its position in iShares MSCI Brazil ETF by 388.0% during the third quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 970 shares during the period. NewEdge Advisors LLC grew its position in iShares MSCI Brazil ETF by 819.7% during the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 1,500 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in iShares MSCI Brazil ETF by 205.5% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,230 shares of the exchange traded fund’s stock valued at $69,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Trading Down 0.7%

EWZ stock opened at $39.43 on Friday. The stock has a 50-day moving average price of $38.53 and a two-hundred day moving average price of $35.17. iShares MSCI Brazil ETF has a 12-month low of $26.28 and a 12-month high of $42.02. The company has a market cap of $11.51 billion, a PE ratio of 9.58 and a beta of 0.65.

iShares MSCI Brazil ETF 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.