Investors Buy Shares of iShares MSCI Brazil Index (EWZ) on Weakness

Traders purchased shares of iShares MSCI Brazil Index (NYSEARCA:EWZ) on weakness during trading hours on Monday. $238.40 million flowed into the stock on the tick-up and $43.69 million flowed out of the stock on the tick-down, for a money net flow of $194.71 million into the stock. Of all stocks tracked, iShares MSCI Brazil Index had the highest net in-flow for the day. iShares MSCI Brazil Index traded down ($0.17) for the day and closed at $42.67

The stock has a market capitalization of $8,090.00 and a P/E ratio of -5.93.

The company also recently declared a semiannual dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 29th were paid a $0.0504 dividend. The ex-dividend date was Thursday, December 28th. This represents a dividend yield of 0.25%. iShares MSCI Brazil Index’s dividend payout ratio (DPR) is currently -9.58%.

Hedge funds have recently added to or reduced their stakes in the company. Bridgewater Associates LP raised its holdings in iShares MSCI Brazil Index by 6.4% in the 2nd quarter. Bridgewater Associates LP now owns 6,263,655 shares of the exchange traded fund’s stock worth $213,841,000 after purchasing an additional 374,414 shares during the period. JPMorgan Chase & Co. raised its holdings in iShares MSCI Brazil Index by 588.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,897,355 shares of the exchange traded fund’s stock worth $241,616,000 after purchasing an additional 5,040,877 shares during the period. Turim 21 Investimentos Ltda. bought a new position in iShares MSCI Brazil Index in the 3rd quarter worth $211,867,000. Verde Servicos Internacionais S.A. bought a new position in iShares MSCI Brazil Index in the 3rd quarter worth $101,223,000. Finally, Rafferty Asset Management LLC raised its holdings in iShares MSCI Brazil Index by 123.2% in the 2nd quarter. Rafferty Asset Management LLC now owns 2,420,729 shares of the exchange traded fund’s stock worth $82,644,000 after purchasing an additional 1,336,073 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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