iShares MSCI Brazil ETF (NYSEARCA:EWZ) Hits New 1-Year Low at $26.92

iShares MSCI Brazil ETF (NYSEARCA:EWZ) shares hit a new 52-week low on Monday . The company traded as low as $26.92 and last traded at $27.03, with a volume of 1245968 shares. The stock had previously closed at $27.27.

iShares MSCI Brazil ETF Trading Up 0.3 %

The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 5.65 and a beta of 0.93. The company has a fifty day simple moving average of $30.49 and a 200-day simple moving average of $32.33.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in EWZ. Morgan Stanley grew its stake in iShares MSCI Brazil ETF by 35.6% during the 3rd quarter. Morgan Stanley now owns 9,253,730 shares of the exchange traded fund’s stock valued at $283,812,000 after acquiring an additional 2,428,079 shares in the last quarter. FIL Ltd grew its position in iShares MSCI Brazil ETF by 8.8% during the fourth quarter. FIL Ltd now owns 4,340,670 shares of the exchange traded fund’s stock valued at $151,750,000 after purchasing an additional 351,165 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in iShares MSCI Brazil ETF by 0.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,637,406 shares of the exchange traded fund’s stock valued at $111,559,000 after buying an additional 22,200 shares during the period. Bank of Nova Scotia lifted its position in iShares MSCI Brazil ETF by 383.9% in the 4th quarter. Bank of Nova Scotia now owns 3,552,853 shares of the exchange traded fund’s stock worth $124,208,000 after buying an additional 2,818,566 shares in the last quarter. Finally, Bridgewater Associates LP acquired a new stake in shares of iShares MSCI Brazil ETF during the 4th quarter valued at $96,166,000.

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).