iShares MSCI Germany ETF (NYSEARCA:EWG) Sees Large Volume Increase – What’s Next?

iShares MSCI Germany ETF (NYSEARCA:EWG) saw unusually-strong trading volume on Tuesday . Approximately 3,469,065 shares were traded during trading, an increase of 220% from the previous session’s volume of 1,082,508 shares.The stock last traded at $32.65 and had previously closed at $32.47.

iShares MSCI Germany ETF Trading Up 1.1 %

The business’s 50 day moving average is $32.53 and its 200 day moving average is $31.83. The stock has a market capitalization of $1.01 billion, a PE ratio of 14.47 and a beta of 0.91.

Institutional Investors Weigh In On iShares MSCI Germany ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC raised its holdings in shares of iShares MSCI Germany ETF by 2,984.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,054,793 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 1,020,599 shares in the last quarter. WestEnd Advisors LLC acquired a new stake in shares of iShares MSCI Germany ETF in the third quarter worth $50,000. Whittier Trust Co. increased its stake in shares of iShares MSCI Germany ETF by 38.5% in the third quarter. Whittier Trust Co. now owns 2,813 shares of the exchange traded fund’s stock worth $95,000 after acquiring an additional 782 shares during the period. Centric Wealth Management acquired a new stake in shares of iShares MSCI Germany ETF in the third quarter worth $204,000. Finally, National Bank of Canada FI grew its position in iShares MSCI Germany ETF by 43.9% during the third quarter. National Bank of Canada FI now owns 6,224 shares of the exchange traded fund’s stock valued at $211,000 after buying an additional 1,900 shares during the period.

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).