iShares MSCI Germany ETF $EWG Shares Sold by UBS Group AG

UBS Group AG reduced its holdings in iShares MSCI Germany ETF (NYSEARCA:EWG) by 19.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 244,089 shares of the exchange traded fund’s stock after selling 60,339 shares during the quarter. UBS Group AG owned about 0.60% of iShares MSCI Germany ETF worth $10,374,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EWG. JPL Wealth Management LLC acquired a new stake in shares of iShares MSCI Germany ETF in the 3rd quarter valued at approximately $28,000. Geneos Wealth Management Inc. acquired a new stake in shares of iShares MSCI Germany ETF in the 4th quarter valued at approximately $31,000. Johnson Financial Group Inc. purchased a new position in iShares MSCI Germany ETF in the 3rd quarter valued at approximately $37,000. NewEdge Advisors LLC purchased a new position in iShares MSCI Germany ETF in the 1st quarter valued at approximately $65,000. Finally, Advisory Services Network LLC purchased a new position in iShares MSCI Germany ETF in the 3rd quarter valued at approximately $83,000. 53.42% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Germany ETF Price Performance

NYSEARCA EWG opened at $41.37 on Friday. iShares MSCI Germany ETF has a 1-year low of $37.97 and a 1-year high of $44.65. The company has a market capitalization of $1.41 billion, a P/E ratio of 17.79 and a beta of 0.95. The business has a 50 day moving average price of $41.09 and a 200 day moving average price of $41.90.

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.