iShares MSCI Germany ETF (NYSEARCA:EWG) Sees Large Volume Increase – Here’s Why

iShares MSCI Germany ETF (NYSEARCA:EWG) shares saw an uptick in trading volume on Monday . 1,931,040 shares changed hands during mid-day trading, a decline of 6% from the previous session’s volume of 2,051,115 shares.The stock last traded at $42.44 and had previously closed at $42.31.

iShares MSCI Germany ETF Trading Down 1.4%

The stock has a market capitalization of $1.60 billion, a P/E ratio of 17.79 and a beta of 0.95. The stock’s 50 day simple moving average is $42.20 and its 200 day simple moving average is $42.24.

Hedge Funds Weigh In On iShares MSCI Germany ETF

Several large investors have recently modified their holdings of EWG. Bank of America Corp DE grew its holdings in shares of iShares MSCI Germany ETF by 291.7% during the second quarter. Bank of America Corp DE now owns 1,933,554 shares of the exchange traded fund’s stock valued at $81,809,000 after purchasing an additional 1,439,864 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of iShares MSCI Germany ETF by 289.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 730,196 shares of the exchange traded fund’s stock worth $30,766,000 after purchasing an additional 542,708 shares during the last quarter. Marshall Wace LLP boosted its position in iShares MSCI Germany ETF by 487.7% during the 3rd quarter. Marshall Wace LLP now owns 635,765 shares of the exchange traded fund’s stock valued at $26,454,000 after purchasing an additional 527,589 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in iShares MSCI Germany ETF during the 2nd quarter valued at approximately $13,721,000. Finally, Lido Advisors LLC grew its stake in iShares MSCI Germany ETF by 168.6% during the 1st quarter. Lido Advisors LLC now owns 485,803 shares of the exchange traded fund’s stock worth $19,272,000 after buying an additional 304,946 shares during the last quarter. Institutional investors own 53.42% of the company’s stock.

About iShares MSCI Germany ETF

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.