Hsbc Holdings PLC Sells 51,099 Shares of iShares MSCI Germany ETF $EWG

Hsbc Holdings PLC reduced its stake in shares of iShares MSCI Germany ETF (NYSEARCA:EWG) by 60.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 33,855 shares of the exchange traded fund’s stock after selling 51,099 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares MSCI Germany ETF were worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of EWG. Robertson Stephens Wealth Management LLC increased its holdings in shares of 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 worth $2,100,000 after purchasing an additional 265 shares during the period. CreativeOne Wealth LLC lifted its stake in shares of 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 buying an additional 284 shares during the period. Fiduciary Financial Group LLC lifted its stake in shares of iShares MSCI Germany ETF by 0.5% in the fourth quarter. Fiduciary Financial Group LLC now owns 64,020 shares of the exchange traded fund’s stock valued at $2,721,000 after buying an additional 294 shares during the period. Boltwood Capital Management grew its position in iShares MSCI Germany ETF by 3.6% during the fourth quarter. Boltwood Capital Management now owns 8,600 shares of the exchange traded fund’s stock worth $366,000 after buying an additional 300 shares in the last quarter. Finally, Allworth Financial LP grew its position in iShares MSCI Germany ETF by 88.9% during the fourth quarter. Allworth Financial LP now owns 646 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 304 shares in the last quarter. 53.42% of the stock is owned by institutional investors.

iShares MSCI Germany ETF Stock Up 1.1%

Shares of EWG opened at $41.37 on Wednesday. The stock’s 50-day moving average price is $42.22 and its 200 day moving average price is $42.24. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 17.79 and a beta of 0.95. iShares MSCI Germany ETF has a 12-month low of $37.97 and a 12-month high of $44.65.

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.