iShares MSCI Germany ETF (NYSEARCA:EWG) Reaches New 52-Week High – Should You Buy?

iShares MSCI Germany ETF (NYSEARCA:EWGGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $37.55 and last traded at $37.16, with a volume of 2534631 shares trading hands. The stock had previously closed at $36.07.

iShares MSCI Germany ETF Trading Up 3.0 %

The stock’s fifty day simple moving average is $34.05 and its 200 day simple moving average is $33.03. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 18.62 and a beta of 1.13.

Hedge Funds Weigh In On iShares MSCI Germany ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Mount Lucas Management LP increased its position in iShares MSCI Germany ETF by 3.1% during the third quarter. Mount Lucas Management LP now owns 23,271 shares of the exchange traded fund’s stock worth $787,000 after purchasing an additional 703 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of iShares MSCI Germany ETF by 1.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 175,927 shares of the exchange traded fund’s stock valued at $5,953,000 after buying an additional 2,610 shares during the period. Cypress Capital Group acquired a new stake in shares of iShares MSCI Germany ETF during the 3rd quarter worth approximately $261,000. Dai ichi Life Holdings Inc. purchased a new stake in shares of iShares MSCI Germany ETF during the 3rd quarter valued at approximately $1,189,000. Finally, Centric Wealth Management purchased a new stake in shares of iShares MSCI Germany ETF during the 3rd quarter valued at approximately $204,000.

iShares MSCI Germany ETF Company Profile

(Get Free Report)

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).

Featured Articles

Receive News & Ratings for iShares MSCI Germany ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Germany ETF and related companies with MarketBeat.com's FREE daily email newsletter.