iShares MSCI Germany ETF (NYSEARCA:EWG) Share Price Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of iShares MSCI Germany ETF (NYSEARCA:EWG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $31.89 and traded as high as $32.31. iShares MSCI Germany ETF shares last traded at $32.30, with a volume of 518,336 shares traded.

iShares MSCI Germany ETF Stock Performance

The company has a market capitalization of $978.69 million, a price-to-earnings ratio of 14.47 and a beta of 0.91. The company has a fifty day simple moving average of $32.39 and a two-hundred day simple moving average of $31.89.

Hedge Funds Weigh In On iShares MSCI Germany ETF

Several institutional investors have recently added to or reduced their stakes in EWG. Strategic Financial Concepts LLC increased its position in iShares MSCI Germany ETF by 2,984.7% during the second quarter. Strategic Financial Concepts LLC now owns 1,054,793 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 1,020,599 shares during the last quarter. WestEnd Advisors LLC acquired a new stake in shares of iShares MSCI Germany ETF during the 3rd quarter worth $50,000. Whittier Trust Co. raised its position in shares of iShares MSCI Germany ETF by 38.5% in the 3rd quarter. Whittier Trust Co. now owns 2,813 shares of the exchange traded fund’s stock worth $95,000 after buying an additional 782 shares during the period. Centric Wealth Management acquired a new position in iShares MSCI Germany ETF in the third quarter valued at $204,000. Finally, National Bank of Canada FI grew its position in iShares MSCI Germany ETF by 43.9% during the third quarter. National Bank of Canada FI now owns 6,224 shares of the exchange traded fund’s stock valued at $211,000 after acquiring an additional 1,900 shares during the period.

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).