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

iShares MSCI Germany ETF (NYSEARCA:EWG)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $45.36 and last traded at $44.1850, with a volume of 455 shares changing hands. The stock had previously closed at $44.04.

iShares MSCI Germany ETF Price Performance

The business has a 50 day simple moving average of $43.20 and a 200 day simple moving average of $42.03. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 17.79 and a beta of 1.03.

Hedge Funds Weigh In On iShares MSCI Germany ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Wealth Strategies LLC purchased a new stake in iShares MSCI Germany ETF during the 3rd quarter worth about $718,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of iShares MSCI Germany ETF during the 3rd quarter worth about $534,000. ABC Arbitrage SA increased its holdings in shares of iShares MSCI Germany ETF by 37.2% in the 2nd quarter. ABC Arbitrage SA now owns 71,155 shares of the exchange traded fund’s stock valued at $3,011,000 after acquiring an additional 19,294 shares during the last quarter. 3EDGE Asset Management LP raised its position in shares of iShares MSCI Germany ETF by 144.7% during the 3rd quarter. 3EDGE Asset Management LP now owns 273,713 shares of the exchange traded fund’s stock worth $11,308,000 after acquiring an additional 161,866 shares in the last quarter. Finally, Lido Advisors LLC purchased a new stake in iShares MSCI Germany ETF during the second quarter worth approximately $2,159,000. 53.42% of the stock is currently owned by hedge funds and other 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.