iShares MSCI Germany ETF (NYSEARCA:EWG) Reaches New 1-Year High – Here’s Why

iShares MSCI Germany ETF (NYSEARCA:EWG)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $36.82 and last traded at $36.80, with a volume of 3023 shares trading hands. The stock had previously closed at $36.42.

iShares MSCI Germany ETF Price Performance

The stock has a market capitalization of $1.10 billion, a P/E ratio of 14.47 and a beta of 0.91. The firm’s 50 day moving average price is $33.54 and its 200 day moving average price is $32.71.

Hedge Funds Weigh In On iShares MSCI Germany ETF

Institutional investors have recently bought and sold shares of the stock. Strategic Financial Concepts LLC increased its stake in shares of iShares MSCI Germany ETF by 3,082.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,056,353 shares of the exchange traded fund’s stock valued at $33,613,000 after purchasing an additional 1,023,155 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of iShares MSCI Germany ETF by 132.3% during the fourth quarter. Ameriprise Financial Inc. now owns 732,785 shares of the exchange traded fund’s stock valued at $23,317,000 after purchasing an additional 417,382 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares MSCI Germany ETF by 3.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 266,926 shares of the exchange traded fund’s stock valued at $8,494,000 after purchasing an additional 9,031 shares in the last quarter. Main Management ETF Advisors LLC increased its stake in shares of iShares MSCI Germany ETF by 14.2% during 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 in the last quarter. Finally, Optiver Holding B.V. increased its stake in shares of iShares MSCI Germany ETF by 121.6% during the fourth quarter. Optiver Holding B.V. now owns 256,373 shares of the exchange traded fund’s stock valued at $8,158,000 after purchasing an additional 140,698 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).