iShares MSCI Germany ETF $EWG Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its holdings in iShares MSCI Germany ETF (NYSEARCA:EWG) by 40.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 41,737 shares of the exchange traded fund’s stock after buying an additional 12,084 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI Germany ETF were worth $1,774,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in iShares MSCI Germany ETF by 88.9% in the 4th quarter. Allworth Financial LP now owns 646 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 304 shares during the period. JPL Wealth Management LLC acquired a new position in iShares MSCI Germany ETF in the 3rd quarter worth about $28,000. Geneos Wealth Management Inc. acquired a new position in iShares MSCI Germany ETF in the 4th quarter worth about $31,000. Johnson Financial Group Inc. acquired a new position in iShares MSCI Germany ETF in the 3rd quarter worth about $37,000. Finally, NewEdge Advisors LLC acquired a new position in iShares MSCI Germany ETF in the 1st quarter worth about $65,000. Institutional investors and hedge funds own 53.42% of the company’s stock.

iShares MSCI Germany ETF Trading Down 2.2%

NYSEARCA EWG opened at $42.11 on Friday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 17.79 and a beta of 0.95. iShares MSCI Germany ETF has a twelve month low of $37.97 and a twelve month high of $44.65. The stock has a 50-day moving average of $41.96 and a 200 day moving average of $42.11.

iShares MSCI Germany ETF 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.