iShares MSCI Germany ETF (NYSEARCA:EWG) Sees Unusually-High Trading Volume – Still a Buy?

iShares MSCI Germany ETF (NYSEARCA:EWG) shares saw unusually-high trading volume on Tuesday . Approximately 2,407,622 shares changed hands during mid-day trading, an increase of 113% from the previous session’s volume of 1,130,391 shares.The stock last traded at $39.11 and had previously closed at $39.03.

iShares MSCI Germany ETF Trading Up 0.7 %

The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 18.62 and a beta of 1.13. The stock’s 50 day moving average is $35.38 and its 200 day moving average is $33.51.

Institutional Investors Weigh In On iShares MSCI Germany ETF

A number of large investors have recently added to or reduced their stakes in EWG. Creative Capital Management Investments LLC acquired a new stake in shares of iShares MSCI Germany ETF during the 4th quarter worth about $33,000. Barclays PLC boosted its stake in shares of iShares MSCI Germany ETF by 22,660.0% during the 4th quarter. Barclays PLC now owns 1,138 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 1,133 shares during the last quarter. Crowley Wealth Management Inc. purchased a new position in shares of iShares MSCI Germany ETF during the 4th quarter worth about $39,000. Wilmington Savings Fund Society FSB purchased a new position in shares of iShares MSCI Germany ETF during the 4th quarter worth about $62,000. Finally, IFP Advisors Inc lifted its holdings in shares of iShares MSCI Germany ETF by 193.8% during the 4th quarter. IFP Advisors Inc now owns 2,706 shares of the exchange traded fund’s stock worth $86,000 after acquiring an additional 1,785 shares during the period.

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).