MMA Asset Management LLC Sells 12,523 Shares of iShares MSCI Germany ETF $EWG

MMA Asset Management LLC lowered its position in shares of iShares MSCI Germany ETF (NYSEARCA:EWG) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,975 shares of the exchange traded fund’s stock after selling 12,523 shares during the quarter. iShares MSCI Germany ETF accounts for about 1.1% of MMA Asset Management LLC’s investment portfolio, making the stock its 23rd largest position. MMA Asset Management LLC owned approximately 0.17% of iShares MSCI Germany ETF worth $3,369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EWG. Dynamic Wealth Strategies LLC bought a new stake in shares of iShares MSCI Germany ETF during the third quarter valued at approximately $718,000. ABC Arbitrage SA boosted its position in shares of iShares MSCI Germany ETF by 37.2% during the second quarter. ABC Arbitrage SA now owns 71,155 shares of the exchange traded fund’s stock worth $3,011,000 after acquiring an additional 19,294 shares during the last quarter. 3EDGE Asset Management LP grew its stake in iShares MSCI Germany ETF by 144.7% during the third quarter. 3EDGE Asset Management LP now owns 273,713 shares of the exchange traded fund’s stock valued at $11,308,000 after acquiring an additional 161,866 shares in the last quarter. Picton Mahoney Asset Management increased its holdings in iShares MSCI Germany ETF by 70.2% in the 2nd quarter. Picton Mahoney Asset Management now owns 637,361 shares of the exchange traded fund’s stock valued at $26,966,000 after acquiring an additional 262,930 shares during the last quarter. Finally, Lido Advisors LLC bought a new stake in iShares MSCI Germany ETF in the 2nd quarter valued at $2,159,000. 53.42% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Germany ETF Stock Up 1.6%

EWG opened at $43.53 on Friday. The company has a market capitalization of $1.78 billion, a PE ratio of 17.79 and a beta of 1.03. The firm has a 50-day simple moving average of $42.67 and a two-hundred day simple moving average of $41.88. iShares MSCI Germany ETF has a 52 week low of $32.82 and a 52 week high of $44.42.

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). 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.