iShares MSCI Germany ETF (NYSEARCA:EWG) Reaches New 12-Month High – Here’s Why

iShares MSCI Germany ETF (NYSEARCA:EWG)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.30 and last traded at $34.19, with a volume of 1618 shares. The stock had previously closed at $33.98.

iShares MSCI Germany ETF Stock Performance

The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 14.47 and a beta of 0.91. The company has a 50-day moving average price of $32.40 and a 200-day moving average price of $32.16.

Institutional Trading of iShares MSCI Germany ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WestEnd Advisors LLC acquired a new position in iShares MSCI Germany ETF during the third quarter worth approximately $50,000. Whittier Trust Co. increased its holdings in shares of iShares MSCI Germany ETF by 38.5% in the 3rd quarter. Whittier Trust Co. now owns 2,813 shares of the exchange traded fund’s stock valued at $95,000 after acquiring an additional 782 shares during the period. Centric Wealth Management acquired a new stake in iShares MSCI Germany ETF during the 3rd quarter worth $204,000. Boltwood Capital Management purchased a new position in iShares MSCI Germany ETF during the 4th quarter worth $205,000. Finally, National Bank of Canada FI increased its stake in iShares MSCI Germany ETF by 43.9% in the third quarter. National Bank of Canada FI now owns 6,224 shares of the exchange traded fund’s stock valued at $211,000 after purchasing an additional 1,900 shares during the period.

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).