iShares MSCI Germany ETF (NYSEARCA:EWG) Hits New 52-Week High – What’s Next?

iShares MSCI Germany ETF (NYSEARCA:EWG)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $35.08 and last traded at $35.05, with a volume of 202344 shares changing hands. The stock had previously closed at $34.71.

iShares MSCI Germany ETF Stock Up 1.1 %

The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 14.47 and a beta of 0.91. The business has a 50-day moving average of $32.95 and a two-hundred day moving average of $32.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its stake in iShares MSCI Germany ETF by 8.8% in the second quarter. The Manufacturers Life Insurance Company now owns 42,218 shares of the exchange traded fund’s stock valued at $1,293,000 after acquiring an additional 3,425 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of iShares MSCI Germany ETF by 82.3% during the 2nd quarter. Cetera Investment Advisers now owns 65,031 shares of the exchange traded fund’s stock worth $1,991,000 after buying an additional 29,354 shares during the period. SG Americas Securities LLC acquired a new position in shares of iShares MSCI Germany ETF in the third quarter valued at approximately $1,494,000. CX Institutional lifted its holdings in iShares MSCI Germany ETF by 4.4% during the 3rd quarter. CX Institutional now owns 500,360 shares of the exchange traded fund’s stock worth $16,932,000 after purchasing an additional 20,881 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of iShares MSCI Germany ETF by 1.4% in the third quarter. Vontobel Holding Ltd. now owns 136,768 shares of the exchange traded fund’s stock valued at $4,628,000 after acquiring an additional 1,941 shares in the last quarter.

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).