MMA Asset Management LLC Sells 12,523 Shares of iShares MSCI Germany ETF $EWG

MMA Asset Management LLC reduced its position in shares of iShares MSCI Germany ETF (NYSEARCA:EWG) by 13.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,975 shares of the exchange traded fund’s stock after selling 12,523 shares during the quarter. iShares MSCI Germany ETF comprises about 1.1% of MMA Asset Management LLC’s portfolio, making the stock its 23rd biggest position. MMA Asset Management LLC’s holdings in iShares MSCI Germany ETF were worth $3,369,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Berbice Capital Management LLC increased its stake in shares of iShares MSCI Germany ETF by 60.0% during the second quarter. Berbice Capital Management LLC now owns 800 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 300 shares during the period. Evergreen Capital Management LLC lifted its stake in iShares MSCI Germany ETF by 2.5% in the third quarter. Evergreen Capital Management LLC now owns 12,346 shares of the exchange traded fund’s stock worth $514,000 after acquiring an additional 305 shares during the period. Clear Harbor Asset Management LLC grew its holdings in iShares MSCI Germany ETF by 1.6% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 25,306 shares of the exchange traded fund’s stock worth $1,053,000 after acquiring an additional 405 shares in the last quarter. Allworth Financial LP grew its holdings in iShares MSCI Germany ETF by 146.9% during the 2nd quarter. Allworth Financial LP now owns 842 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 501 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in iShares MSCI Germany ETF by 6.2% during the 3rd quarter. Global Retirement Partners LLC now owns 9,581 shares of the exchange traded fund’s stock valued at $399,000 after purchasing an additional 558 shares during the period. 53.42% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Germany ETF Stock Performance

Shares of EWG opened at $43.53 on Friday. The company has a 50 day moving average price of $42.67 and a 200-day moving average price of $41.88. iShares MSCI Germany ETF has a fifty-two week low of $32.82 and a fifty-two week high of $44.42. The stock has a market capitalization of $1.78 billion, a PE ratio of 17.79 and a beta of 1.03.

iShares MSCI Germany ETF Company Profile

iShares MSCI Germany ETF, formerly iShares MSCI Germany Index Fund (the Fund), is an exchange-traded fund. The 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 German market, as measured by the MSCI Germany Index (the Index). The Index seeks to measure the performance of the Germany equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.