iShares MSCI Germany ETF (NYSEARCA:EWG) Sets New 1-Year High – Here’s What Happened

Shares of iShares MSCI Germany ETF (NYSEARCA:EWG) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $44.65 and last traded at $44.4920, with a volume of 494682 shares traded. The stock had previously closed at $44.56.

iShares MSCI Germany ETF Stock Performance

The firm has a market cap of $1.81 billion, a P/E ratio of 17.79 and a beta of 1.03. The business’s 50-day simple moving average is $43.43 and its 200 day simple moving average is $42.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC bought a new stake in shares of iShares MSCI Germany ETF during the 1st quarter valued at about $65,000. Jones Financial Companies Lllp boosted its holdings in shares of iShares MSCI Germany ETF by 3,443.5% in the first quarter. Jones Financial Companies Lllp now owns 19,489 shares of the exchange traded fund’s stock worth $723,000 after buying an additional 18,939 shares during the last quarter. Empowered Funds LLC bought a new stake in iShares MSCI Germany ETF during the first quarter valued at approximately $1,497,000. Focus Partners Wealth bought a new stake in iShares MSCI Germany ETF during the first quarter valued at approximately $288,000. Finally, Rhumbline Advisers increased its holdings in iShares MSCI Germany ETF by 164.3% during the first quarter. Rhumbline Advisers now owns 3,105 shares of the exchange traded fund’s stock valued at $115,000 after buying an additional 1,930 shares during the last quarter. 53.42% of the stock is owned by hedge funds and other institutional investors.

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.