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

iShares MSCI Germany ETF (NYSEARCA:EWG) reached a new 52-week high on Wednesday . The stock traded as high as $35.41 and last traded at $35.40, with a volume of 866649 shares. The stock had previously closed at $34.90.

iShares MSCI Germany ETF Stock Performance

The stock has a market cap of $1.10 billion, a P/E ratio of 14.47 and a beta of 0.91. The firm has a 50 day moving average of $33.28 and a two-hundred day moving average of $32.54.

Institutional Investors Weigh In On iShares MSCI Germany ETF

Several hedge funds have recently modified their holdings of the business. AlphaCentric Advisors LLC lifted its stake in shares of iShares MSCI Germany ETF by 8.6% in the fourth quarter. AlphaCentric Advisors LLC now owns 3,684 shares of the exchange traded fund’s stock valued at $117,000 after buying an additional 293 shares during the period. Global Retirement Partners LLC lifted its position in shares of iShares MSCI Germany ETF by 10.5% in the 4th quarter. Global Retirement Partners LLC now owns 4,408 shares of the exchange traded fund’s stock worth $140,000 after acquiring an additional 420 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of iShares MSCI Germany ETF by 8.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,662 shares of the exchange traded fund’s stock worth $180,000 after purchasing an additional 459 shares in the last quarter. National Bank of Canada FI increased its position in shares of iShares MSCI Germany ETF by 10.7% during the fourth quarter. National Bank of Canada FI now owns 6,889 shares of the exchange traded fund’s stock valued at $219,000 after purchasing an additional 665 shares during the period. Finally, Barry Investment Advisors LLC raised its stake in shares of iShares MSCI Germany ETF by 2.6% in the fourth quarter. Barry Investment Advisors LLC now owns 27,270 shares of the exchange traded fund’s stock valued at $868,000 after purchasing an additional 692 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).