iShares MSCI Germany ETF (NYSEARCA:EWG) Sets New 52-Week High – Still a Buy?

iShares MSCI Germany ETF (NYSEARCA:EWG)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $37.55 and last traded at $37.16, with a volume of 2534631 shares trading hands. The stock had previously closed at $36.07.

iShares MSCI Germany ETF Stock Up 4.1 %

The business’s 50 day moving average is $34.25 and its 200-day moving average is $33.12. The firm has a market capitalization of $1.14 billion, a P/E ratio of 18.62 and a beta of 1.13.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EWG. Strategic Financial Concepts LLC boosted its position in iShares MSCI Germany ETF by 3,082.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,056,353 shares of the exchange traded fund’s stock valued at $33,613,000 after buying an additional 1,023,155 shares in the last quarter. Ameriprise Financial Inc. boosted its position in iShares MSCI Germany ETF by 132.3% in the fourth quarter. Ameriprise Financial Inc. now owns 732,785 shares of the exchange traded fund’s stock valued at $23,317,000 after buying an additional 417,382 shares in the last quarter. GTS Securities LLC boosted its position in iShares MSCI Germany ETF by 118.7% in the fourth quarter. GTS Securities LLC now owns 31,559 shares of the exchange traded fund’s stock valued at $1,004,000 after buying an additional 200,080 shares in the last quarter. Point72 Europe London LLP acquired a new stake in iShares MSCI Germany ETF in the fourth quarter valued at approximately $5,842,000. Finally, Optiver Holding B.V. boosted its position in iShares MSCI Germany ETF by 121.6% in the fourth quarter. Optiver Holding B.V. now owns 256,373 shares of the exchange traded fund’s stock valued at $8,158,000 after buying an additional 140,698 shares in the last quarter.

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).