iShares MSCI Germany ETF (NYSEARCA:EWG) Reaches New 1-Year High – Here’s What Happened

iShares MSCI Germany ETF (NYSEARCA:EWG) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $43.94 and last traded at $43.8440, with a volume of 765362 shares changing hands. The stock had previously closed at $43.48.

iShares MSCI Germany ETF Trading Up 0.8%

The company has a market cap of $1.79 billion, a price-to-earnings ratio of 17.79 and a beta of 1.03. The company has a fifty day moving average price of $41.95 and a two-hundred day moving average price of $41.79.

Institutional Investors Weigh In On iShares MSCI Germany ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC grew its position in shares of iShares MSCI Germany ETF by 18.2% during the 2nd quarter. Hsbc Holdings PLC now owns 3,883,513 shares of the exchange traded fund’s stock worth $164,311,000 after buying an additional 596,996 shares during the period. Bank of America Corp DE lifted its stake in shares of iShares MSCI Germany ETF by 28.1% in the 3rd quarter. Bank of America Corp DE now owns 2,476,196 shares of the exchange traded fund’s stock valued at $103,035,000 after purchasing an additional 542,642 shares during the period. Bank of Montreal Can lifted its stake in shares of iShares MSCI Germany ETF by 102.3% in the 2nd quarter. Bank of Montreal Can now owns 1,275,097 shares of the exchange traded fund’s stock valued at $53,949,000 after purchasing an additional 644,647 shares during the period. Optiver Holding B.V. boosted its position in shares of iShares MSCI Germany ETF by 38.2% in the 3rd quarter. Optiver Holding B.V. now owns 811,941 shares of the exchange traded fund’s stock worth $33,785,000 after purchasing an additional 224,299 shares during the last quarter. Finally, Tradewinds Capital Management LLC grew its stake in shares of iShares MSCI Germany ETF by 3.8% during the third quarter. Tradewinds Capital Management LLC now owns 768,223 shares of the exchange traded fund’s stock worth $31,966,000 after purchasing an additional 28,228 shares during the period. Institutional investors own 53.42% of the company’s stock.

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). 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.