Perigon Wealth Management LLC Cuts Stake in iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Perigon Wealth Management LLC cut its holdings in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 5.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 8,669 shares of the exchange traded fund’s stock after selling 547 shares during the period. Perigon Wealth Management LLC’s holdings in iShares MSCI Brazil ETF were worth $224,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in shares of iShares MSCI Brazil ETF in the fourth quarter valued at $608,000. M&T Bank Corp acquired a new position in iShares MSCI Brazil ETF during the 4th quarter worth $542,000. Raymond James Financial Inc. purchased a new stake in iShares MSCI Brazil ETF during the 4th quarter worth about $4,257,000. Banco Santander S.A. increased its holdings in iShares MSCI Brazil ETF by 203.7% during the 4th quarter. Banco Santander S.A. now owns 302,925 shares of the exchange traded fund’s stock worth $6,819,000 after purchasing an additional 203,191 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in iShares MSCI Brazil ETF by 35.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,920 shares of the exchange traded fund’s stock valued at $201,000 after purchasing an additional 2,315 shares in the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

Shares of EWZ opened at $28.79 on Wednesday. iShares MSCI Brazil ETF has a 1 year low of $22.26 and a 1 year high of $31.14. The stock has a market capitalization of $5.01 billion, a PE ratio of 9.58 and a beta of 0.97. The stock has a 50-day simple moving average of $27.65 and a 200-day simple moving average of $25.67.

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).