Bridgewater Associates LP Reduces Position in iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Bridgewater Associates LP decreased its stake in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 95.6% during the fourth quarter, HoldingsChannel reports. The firm owned 30,655 shares of the exchange traded fund’s stock after selling 659,665 shares during the quarter. Bridgewater Associates LP’s holdings in iShares MSCI Brazil ETF were worth $690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in EWZ. Arrowstreet Capital Limited Partnership acquired a new stake in iShares MSCI Brazil ETF during the 4th quarter valued at approximately $32,516,000. Money Design Co. Ltd. purchased a new position in shares of iShares MSCI Brazil ETF during the fourth quarter worth $19,296,000. Kawa Capital Management Inc acquired a new position in iShares MSCI Brazil ETF during the fourth quarter valued at $9,004,000. Catalyst Capital Advisors LLC boosted its holdings in iShares MSCI Brazil ETF by 43.8% in the fourth quarter. Catalyst Capital Advisors LLC now owns 896,780 shares of the exchange traded fund’s stock valued at $20,187,000 after purchasing an additional 273,150 shares during the last quarter. Finally, Millburn Ridgefield Corp grew its position in iShares MSCI Brazil ETF by 43.8% during the 4th quarter. Millburn Ridgefield Corp now owns 896,780 shares of the exchange traded fund’s stock worth $20,187,000 after purchasing an additional 273,150 shares during the period.

iShares MSCI Brazil ETF Stock Up 1.7 %

Shares of EWZ stock opened at $25.22 on Friday. iShares MSCI Brazil ETF has a 52-week low of $22.26 and a 52-week high of $32.75. The stock has a market cap of $3.21 billion, a PE ratio of 9.75 and a beta of 0.86. The business has a 50-day simple moving average of $25.30 and a 200-day simple moving average of $25.63.

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).