iShares MSCI Germany ETF (NYSEARCA:EWG) Hits New 52-Week High – Should You Buy?

iShares MSCI Germany ETF (NYSEARCA:EWG)’s share price hit a new 52-week high on Wednesday . The company traded as high as $34.30 and last traded at $34.19, with a volume of 1618 shares trading hands. The stock had previously closed at $33.98.

iShares MSCI Germany ETF Trading Up 1.1 %

The company has a fifty day moving average of $32.40 and a 200-day moving average of $32.16. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 14.47 and a beta of 0.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WestEnd Advisors LLC purchased a new position in shares of iShares MSCI Germany ETF during the 3rd quarter worth $50,000. Whittier Trust Co. boosted its holdings in iShares MSCI Germany ETF by 38.5% in the 3rd quarter. Whittier Trust Co. now owns 2,813 shares of the exchange traded fund’s stock valued at $95,000 after purchasing an additional 782 shares during the last quarter. National Bank of Canada FI boosted its holdings in iShares MSCI Germany ETF by 43.9% in the 3rd quarter. National Bank of Canada FI now owns 6,224 shares of the exchange traded fund’s stock valued at $211,000 after purchasing an additional 1,900 shares during the last quarter. Centric Wealth Management purchased a new position in iShares MSCI Germany ETF in the third quarter worth approximately $204,000. Finally, Boltwood Capital Management purchased a new position in shares of iShares MSCI Germany ETF during the 4th quarter worth $205,000.

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).