Marvin & Palmer Associates Inc. Acquires New Holdings in iShares MSCI Germany ETF $EWG

Marvin & Palmer Associates Inc. bought a new stake in iShares MSCI Germany ETF (NYSEARCA:EWG) during the second quarter, Holdings Channel.com reports. The institutional investor bought 104,156 shares of the exchange traded fund’s stock, valued at approximately $4,407,000. iShares MSCI Germany ETF makes up about 3.8% of Marvin & Palmer Associates Inc.’s investment portfolio, making the stock its 11th biggest position.

Other institutional investors have also made changes to their positions in the company. Viewpoint Capital Management LLC raised its stake in shares of iShares MSCI Germany ETF by 0.7% in the 2nd quarter. Viewpoint Capital Management LLC now owns 43,027 shares of the exchange traded fund’s stock valued at $1,820,000 after acquiring an additional 281 shares during the period. Donald L. Hagan LLC increased its holdings in iShares MSCI Germany ETF by 7.0% in the 2nd quarter. Donald L. Hagan LLC now owns 5,855 shares of the exchange traded fund’s stock valued at $248,000 after purchasing an additional 381 shares during the last quarter. Allworth Financial LP raised its position in iShares MSCI Germany ETF by 146.9% in the second quarter. Allworth Financial LP now owns 842 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 501 shares during the period. Farther Finance Advisors LLC raised its position in iShares MSCI Germany ETF by 140.5% in the second quarter. Farther Finance Advisors LLC now owns 974 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 569 shares during the period. Finally, Monument Capital Management lifted its stake in iShares MSCI Germany ETF by 0.7% during the second quarter. Monument Capital Management now owns 86,901 shares of the exchange traded fund’s stock worth $3,677,000 after purchasing an additional 626 shares in the last quarter. 53.42% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Germany ETF Trading Down 1.6%

Shares of NYSEARCA EWG opened at $38.89 on Friday. The stock has a market capitalization of $1.90 billion, a PE ratio of 17.79 and a beta of 1.03. iShares MSCI Germany ETF has a twelve month low of $31.13 and a twelve month high of $43.31. The stock has a fifty day simple moving average of $41.26 and a 200-day simple moving average of $41.59.

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).