iShares MSCI Germany ETF (NYSEARCA:EWG) Reaches New 12-Month High – What’s Next?

iShares MSCI Germany ETF (NYSEARCA:EWG) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $44.65 and last traded at $44.4920, with a volume of 494682 shares trading hands. The stock had previously closed at $44.56.

iShares MSCI Germany ETF Stock Down 0.2%

The stock has a fifty day moving average of $43.39 and a 200-day moving average of $42.09. The firm has a market capitalization of $1.81 billion, a P/E ratio of 17.79 and a beta of 1.03.

Institutional Trading of iShares MSCI Germany ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in EWG. Robertson Stephens Wealth Management LLC lifted its position in iShares MSCI Germany ETF by 0.5% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 49,415 shares of the exchange traded fund’s stock valued at $2,100,000 after purchasing an additional 265 shares during the period. CreativeOne Wealth LLC boosted its stake in iShares MSCI Germany ETF by 5.0% in the third quarter. CreativeOne Wealth LLC now owns 5,957 shares of the exchange traded fund’s stock valued at $248,000 after acquiring an additional 284 shares during the last quarter. Fiduciary Financial Group LLC grew its holdings in iShares MSCI Germany ETF by 0.5% during the 4th quarter. Fiduciary Financial Group LLC now owns 64,020 shares of the exchange traded fund’s stock worth $2,721,000 after acquiring an additional 294 shares during the period. Berbice Capital Management LLC raised its position in shares of iShares MSCI Germany ETF by 60.0% during the 2nd quarter. Berbice Capital Management LLC now owns 800 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 300 shares during the last quarter. Finally, Boltwood Capital Management lifted its stake in shares of iShares MSCI Germany ETF by 3.6% in the 4th quarter. Boltwood Capital Management now owns 8,600 shares of the exchange traded fund’s stock valued at $366,000 after purchasing an additional 300 shares during the period. 53.42% of the stock is owned by institutional investors.

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.