iShares MSCI Germany ETF (NYSEARCA:EWG) Sets New 52-Week High – Should You Buy?

iShares MSCI Germany ETF (NYSEARCA:EWG) reached a new 52-week high on Wednesday . The company traded as high as $35.41 and last traded at $35.40, with a volume of 866649 shares. The stock had previously closed at $34.90.

iShares MSCI Germany ETF Stock Performance

The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 14.47 and a beta of 0.91. The business has a 50-day moving average of $33.17 and a 200-day moving average of $32.49.

Hedge Funds Weigh In On iShares MSCI Germany ETF

A number of hedge funds have recently made changes to their positions in the stock. Dai ichi Life Holdings Inc. acquired a new position in iShares MSCI Germany ETF in the 3rd quarter valued at about $1,189,000. Main Management ETF Advisors LLC boosted its stake in shares of iShares MSCI Germany ETF by 14.2% in the third quarter. Main Management ETF Advisors LLC now owns 263,660 shares of the exchange traded fund’s stock valued at $8,922,000 after purchasing an additional 32,865 shares during the period. WestEnd Advisors LLC acquired a new position in shares of iShares MSCI Germany ETF in the third quarter valued at approximately $50,000. Wellington Management Group LLP increased its stake in iShares MSCI Germany ETF by 6.4% during the 3rd quarter. Wellington Management Group LLP now owns 178,435 shares of the exchange traded fund’s stock worth $6,038,000 after buying an additional 10,741 shares during the period. Finally, Mount Lucas Management LP lifted its holdings in iShares MSCI Germany ETF by 3.1% during the 3rd quarter. Mount Lucas Management LP now owns 23,271 shares of the exchange traded fund’s stock worth $787,000 after buying an additional 703 shares in the last quarter.

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).