iShares MSCI Germany ETF (NYSEARCA:EWG) Sets New 12-Month High – Here’s What Happened

iShares MSCI Germany ETF (NYSEARCA:EWG)’s stock price reached a new 52-week high on Thursday . The company traded as high as $44.50 and last traded at $44.5560, with a volume of 6196 shares changing hands. The stock had previously closed at $44.05.

iShares MSCI Germany ETF Stock Performance

The business has a 50 day moving average price of $42.88 and a 200-day moving average price of $41.91. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 17.79 and a beta of 1.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in shares of iShares MSCI Germany ETF by 291.7% in the 2nd 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 buying an additional 1,439,864 shares during the period. Bank of Montreal Can grew its stake in iShares MSCI Germany ETF by 102.3% in the second quarter. Bank of Montreal Can now owns 1,275,097 shares of the exchange traded fund’s stock valued at $53,949,000 after acquiring an additional 644,647 shares during the period. Hsbc Holdings PLC increased its holdings in shares of iShares MSCI Germany ETF by 18.2% during the second quarter. Hsbc Holdings PLC now owns 3,883,513 shares of the exchange traded fund’s stock valued at $164,311,000 after acquiring an additional 596,996 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares MSCI Germany ETF by 289.5% during the third 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 period. Finally, Marshall Wace LLP raised its position in shares of iShares MSCI Germany ETF by 487.7% during the third quarter. Marshall Wace LLP now owns 635,765 shares of the exchange traded fund’s stock worth $26,454,000 after purchasing an additional 527,589 shares during the period. 53.42% of the stock is owned by institutional investors.

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.