iShares MSCI Germany ETF (NYSEARCA:EWG) Sets New 1-Year High – Should You Buy?

iShares MSCI Germany ETF (NYSEARCA:EWG)’s share price hit a new 52-week high on Monday . The stock traded as high as $43.94 and last traded at $43.8440, with a volume of 765362 shares trading hands. The stock had previously closed at $43.48.

iShares MSCI Germany ETF Stock Down 0.7%

The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 17.79 and a beta of 1.03. The company’s 50-day moving average is $42.21 and its 200-day moving average is $41.83.

Institutional Trading of iShares MSCI Germany ETF

Institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new position in iShares MSCI Germany ETF during the fourth quarter worth $31,000. Evergreen Capital Management LLC grew its holdings in shares of iShares MSCI Germany ETF by 4.9% in the 4th quarter. Evergreen Capital Management LLC now owns 12,951 shares of the exchange traded fund’s stock worth $550,000 after purchasing an additional 605 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares MSCI Germany ETF in the 4th quarter worth about $648,000. Ameliora Wealth Management Ltd. increased its position in shares of iShares MSCI Germany ETF by 8.6% during the 4th quarter. Ameliora Wealth Management Ltd. now owns 107,209 shares of the exchange traded fund’s stock worth $4,556,000 after purchasing an additional 8,518 shares in the last quarter. Finally, BFI Infinity Ltd. lifted its holdings in iShares MSCI Germany ETF by 200.0% during the 4th quarter. BFI Infinity Ltd. now owns 13,169 shares of the exchange traded fund’s stock valued at $560,000 after purchasing an additional 26,338 shares during the last quarter. Institutional investors and hedge funds own 53.42% of the company’s stock.

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.