iShares MSCI Germany ETF (NYSEARCA:EWG) Sees Strong Trading Volume – Still a Buy?

iShares MSCI Germany ETF (NYSEARCA:EWG) shares saw unusually-high trading volume on Monday . Approximately 1,160,559 shares changed hands during trading, an increase of 26% from the previous session’s volume of 918,691 shares.The stock last traded at $34.06 and had previously closed at $34.63.

iShares MSCI Germany ETF Stock Performance

The stock has a fifty day simple moving average of $32.89 and a two-hundred day simple moving average of $32.36. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 14.47 and a beta of 0.91.

Institutional Trading of iShares MSCI Germany ETF

Several large investors have recently made changes to their positions in the company. Creative Capital Management Investments LLC bought a new position in iShares MSCI Germany ETF in the 4th quarter valued at about $33,000. WestEnd Advisors LLC bought a new position in shares of iShares MSCI Germany ETF during the 3rd quarter worth approximately $50,000. Wilmington Savings Fund Society FSB bought a new position in shares of iShares MSCI Germany ETF during the 4th quarter worth approximately $62,000. IFP Advisors Inc lifted its position in shares of iShares MSCI Germany ETF by 193.8% during the 4th quarter. IFP Advisors Inc now owns 2,706 shares of the exchange traded fund’s stock worth $86,000 after buying an additional 1,785 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in shares of iShares MSCI Germany ETF by 38.5% during the 3rd quarter. Whittier Trust Co. now owns 2,813 shares of the exchange traded fund’s stock worth $95,000 after buying an additional 782 shares in the last quarter.

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).