Investors bought shares of iShares MSCI Brazil Index (NYSEARCA:EWZ) on weakness during trading on Wednesday. $139.45 million flowed into the stock on the tick-up and $47.82 million flowed out of the stock on the tick-down, for a money net flow of $91.63 million into the stock. Of all companies tracked, iShares MSCI Brazil Index had the 4th highest net in-flow for the day. iShares MSCI Brazil Index traded down ($0.07) for the day and closed at $45.70
The company has a market capitalization of $8,880.00 and a P/E ratio of -6.35.
Several institutional investors and hedge funds have recently modified their holdings of the company. Rehmann Capital Advisory Group boosted its stake in shares of iShares MSCI Brazil Index by 86.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 10,192 shares of the exchange traded fund’s stock valued at $412,000 after purchasing an additional 4,738 shares during the period. William Blair Investment Management LLC lifted its stake in iShares MSCI Brazil Index by 207.7% in the fourth quarter. William Blair Investment Management LLC now owns 1,926,350 shares of the exchange traded fund’s stock worth $77,921,000 after acquiring an additional 1,300,310 shares during the period. Banco de Sabadell S.A purchased a new stake in iShares MSCI Brazil Index in the fourth quarter worth about $230,000. Meitav Dash Investments Ltd. purchased a new stake in iShares MSCI Brazil Index in the fourth quarter worth about $23,090,000. Finally, Glovista Investments LLC lifted its stake in iShares MSCI Brazil Index by 86.9% in the fourth quarter. Glovista Investments LLC now owns 685,816 shares of the exchange traded fund’s stock worth $27,611,000 after acquiring an additional 318,776 shares during the period.
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About iShares MSCI Brazil Index
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).
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