iShares MSCI Germany ETF (NYSEARCA:EWG) Sees Large Volume Increase – Time to Buy?

iShares MSCI Germany ETF (NYSEARCA:EWG) shares saw unusually-strong trading volume on Thursday . Approximately 1,947,129 shares traded hands during mid-day trading, an increase of 38% from the previous session’s volume of 1,407,485 shares.The stock last traded at $39.08 and had previously closed at $38.53.

iShares MSCI Germany ETF Stock Performance

The company has a fifty day simple moving average of $34.37 and a two-hundred day simple moving average of $33.16. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 18.62 and a beta of 1.13.

Institutional Trading of iShares MSCI Germany ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Strategic Financial Concepts LLC increased its holdings in shares of iShares MSCI Germany ETF by 3,082.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,056,353 shares of the exchange traded fund’s stock worth $33,613,000 after buying an additional 1,023,155 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares MSCI Germany ETF by 132.3% during the 4th quarter. Ameriprise Financial Inc. now owns 732,785 shares of the exchange traded fund’s stock worth $23,317,000 after buying an additional 417,382 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares MSCI Germany ETF by 3.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 266,926 shares of the exchange traded fund’s stock worth $8,494,000 after buying an additional 9,031 shares during the last quarter. Main Management ETF Advisors LLC increased its holdings in iShares MSCI Germany ETF by 14.2% in the 3rd quarter. Main Management ETF Advisors LLC now owns 263,660 shares of the exchange traded fund’s stock valued at $8,922,000 after purchasing an additional 32,865 shares in the last quarter. Finally, Optiver Holding B.V. increased its holdings in iShares MSCI Germany ETF by 121.6% in the 4th quarter. Optiver Holding B.V. now owns 256,373 shares of the exchange traded fund’s stock valued at $8,158,000 after purchasing an additional 140,698 shares in the last quarter.

iShares MSCI Germany ETF Company 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).