iShares MSCI Germany ETF (NYSEARCA:EWG) Hits New 12-Month High – Still a Buy?

iShares MSCI Germany ETF (NYSEARCA:EWG)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $44.81 and last traded at $44.74, with a volume of 47001 shares changing hands. The stock had previously closed at $44.58.

iShares MSCI Germany ETF Stock Performance

The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 17.79 and a beta of 0.95. The business’s 50 day moving average is $42.44 and its 200 day moving average is $42.16.

Institutional Investors Weigh In On iShares MSCI Germany ETF

Several institutional investors and hedge funds have recently made changes to their positions in EWG. Bank of America Corp DE grew its holdings in shares of iShares MSCI Germany ETF by 291.7% during the second quarter. Bank of America Corp DE now owns 1,933,554 shares of the exchange traded fund’s stock valued at $81,809,000 after buying an additional 1,439,864 shares during the last quarter. Ameriprise Financial Inc. raised its stake in iShares MSCI Germany ETF by 289.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 730,196 shares of the exchange traded fund’s stock worth $30,766,000 after acquiring an additional 542,708 shares during the last quarter. Marshall Wace LLP raised its stake in iShares MSCI Germany ETF by 487.7% in the 3rd quarter. Marshall Wace LLP now owns 635,765 shares of the exchange traded fund’s stock worth $26,454,000 after acquiring an additional 527,589 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in iShares MSCI Germany ETF during the 2nd quarter worth about $13,721,000. Finally, Lido Advisors LLC lifted its position in iShares MSCI Germany ETF by 168.6% during the 1st quarter. Lido Advisors LLC now owns 485,803 shares of the exchange traded fund’s stock worth $19,272,000 after acquiring an additional 304,946 shares during the period. 53.42% of the stock is currently owned by institutional investors and hedge funds.

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). 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.