iShares MSCI Germany ETF (NYSEARCA:EWG) Reaches New 1-Year High – Should You Buy?

iShares MSCI Germany ETF (NYSEARCA:EWG) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $34.70 and last traded at $34.75, with a volume of 27140 shares traded. The stock had previously closed at $34.56.

iShares MSCI Germany ETF Price Performance

The business’s fifty day moving average is $32.58 and its 200-day moving average is $32.24. The firm has a market cap of $1.05 billion, a PE ratio of 14.47 and a beta of 0.91.

Hedge Funds Weigh In On iShares MSCI Germany ETF

Several hedge funds have recently bought and sold shares of EWG. Bank of Montreal Can lifted its position in iShares MSCI Germany ETF by 790.3% during the second quarter. Bank of Montreal Can now owns 51,281 shares of the exchange traded fund’s stock valued at $1,570,000 after purchasing an additional 45,521 shares during the last quarter. Marshall Wace LLP bought a new stake in iShares MSCI Germany ETF during the second quarter valued at approximately $1,083,000. The Manufacturers Life Insurance Company lifted its position in iShares MSCI Germany ETF by 8.8% during 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 purchasing an additional 3,425 shares during the last quarter. Sunbelt Securities Inc. lifted its position in iShares MSCI Germany ETF by 19.7% during the second quarter. Sunbelt Securities Inc. now owns 13,779 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 2,271 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in iShares MSCI Germany ETF by 82.3% during the second quarter. Cetera Investment Advisers now owns 65,031 shares of the exchange traded fund’s stock valued at $1,991,000 after purchasing an additional 29,354 shares during 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).