iShares MSCI Germany ETF (NYSEARCA:EWG) Sets New 52-Week High – Here’s Why

iShares MSCI Germany ETF (NYSEARCA:EWG) shares hit a new 52-week high on Friday . The stock traded as high as $44.81 and last traded at $44.74, with a volume of 47001 shares trading hands. The stock had previously closed at $44.58.

iShares MSCI Germany ETF Price Performance

The company’s fifty day simple moving average is $42.44 and its 200-day simple moving average is $42.16. The firm has a market capitalization of $1.65 billion, a PE ratio of 17.79 and a beta of 0.95.

Institutional Trading of iShares MSCI Germany ETF

A number of institutional investors have recently made changes to their positions in EWG. Bank of America Corp DE increased its position in iShares MSCI Germany ETF by 28.1% during the 3rd quarter. Bank of America Corp DE now owns 2,476,196 shares of the exchange traded fund’s stock valued at $103,035,000 after buying an additional 542,642 shares in the last quarter. Ameriprise Financial Inc. raised its stake in iShares MSCI Germany ETF by 289.5% in the third quarter. Ameriprise Financial Inc. now owns 730,196 shares of the exchange traded fund’s stock valued at $30,766,000 after buying an additional 542,708 shares during the last quarter. Rice Partnership LLC boosted its holdings in iShares MSCI Germany ETF by 9.8% in the fourth quarter. Rice Partnership LLC now owns 718,167 shares of the exchange traded fund’s stock worth $30,522,000 after acquiring an additional 64,166 shares in the last quarter. Marshall Wace LLP boosted its holdings in iShares MSCI Germany ETF by 487.7% in the third quarter. Marshall Wace LLP now owns 635,765 shares of the exchange traded fund’s stock worth $26,454,000 after acquiring an additional 527,589 shares in the last quarter. Finally, Lido Advisors LLC boosted its holdings in iShares MSCI Germany ETF by 168.6% in the first quarter. Lido Advisors LLC now owns 485,803 shares of the exchange traded fund’s stock worth $19,272,000 after acquiring an additional 304,946 shares in the last quarter. Institutional investors and hedge funds own 53.42% of the company’s stock.

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). The Index seeks to measure the performance of the Germany equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.