iShares MSCI Germany ETF (NYSEARCA:EWG) Sees Large Volume Increase – Here’s Why

Shares of iShares MSCI Germany ETF (NYSEARCA:EWG) saw an uptick in trading volume on Friday . 2,483,302 shares were traded during mid-day trading, an increase of 207% from the previous session’s volume of 810,169 shares.The stock last traded at $31.92 and had previously closed at $32.38.

iShares MSCI Germany ETF Price Performance

The company has a market capitalization of $972.63 million, a P/E ratio of 14.47 and a beta of 0.91. The business has a 50-day moving average of $32.21 and a 200-day moving average of $32.00.

Institutional Trading of iShares MSCI Germany ETF

Several institutional investors and hedge funds have recently made changes to their positions in EWG. Strategic Financial Concepts LLC lifted its position in shares of iShares MSCI Germany ETF by 2,984.7% during the second quarter. Strategic Financial Concepts LLC now owns 1,054,793 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 1,020,599 shares during the last quarter. Idaho Trust Bank purchased a new position in shares of iShares MSCI Germany ETF during the second quarter valued at $1,955,000. Arizona PSPRS Trust purchased a new position in shares of iShares MSCI Germany ETF during the third quarter valued at $1,922,000. Bank of Montreal Can increased its stake in shares of iShares MSCI Germany ETF by 790.3% during the second quarter. Bank of Montreal Can now owns 51,281 shares of the exchange traded fund’s stock valued at $1,570,000 after buying an additional 45,521 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of iShares MSCI Germany ETF during the third quarter valued at $1,494,000.

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).