iShares MSCI Germany ETF (NYSEARCA:EWG) Reaches New 1-Year High – Time to Buy?

iShares MSCI Germany ETF (NYSEARCA:EWG) reached a new 52-week high on Wednesday . The company traded as high as $39.36 and last traded at $39.31, with a volume of 9211972 shares traded. The stock had previously closed at $39.03.

iShares MSCI Germany ETF Price Performance

The firm has a 50-day moving average of $35.52 and a 200-day moving average of $33.55. The stock has a market cap of $1.17 billion, a PE ratio of 18.62 and a beta of 1.13.

Institutional Investors Weigh In On iShares MSCI Germany ETF

A number of institutional investors have recently added to or reduced their stakes in EWG. Dai ichi Life Holdings Inc. purchased a new position in shares of iShares MSCI Germany ETF during the third quarter valued at about $1,189,000. Main Management ETF Advisors LLC increased its stake 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 worth $8,922,000 after acquiring an additional 32,865 shares during the last quarter. Wellington Management Group LLP increased its stake in iShares MSCI Germany ETF by 6.4% in the 3rd quarter. Wellington Management Group LLP now owns 178,435 shares of the exchange traded fund’s stock worth $6,038,000 after acquiring an additional 10,741 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of iShares MSCI Germany ETF by 43.9% during the 3rd quarter. National Bank of Canada FI now owns 6,224 shares of the exchange traded fund’s stock worth $211,000 after acquiring an additional 1,900 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of iShares MSCI Germany ETF by 193.8% during the 4th quarter. IFP Advisors Inc now owns 2,706 shares of the exchange traded fund’s stock valued at $86,000 after acquiring an additional 1,785 shares during 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).