iShares MSCI Germany ETF (NYSEARCA:EWG) Sees Large Volume Increase – Time to Buy?

iShares MSCI Germany ETF (NYSEARCA:EWG) saw strong trading volume on Monday . 3,023,340 shares changed hands during mid-day trading, an increase of 141% from the previous session’s volume of 1,257,079 shares.The stock last traded at $36.82 and had previously closed at $37.39.

iShares MSCI Germany ETF Stock Performance

The business has a fifty day simple moving average of $36.56 and a 200 day simple moving average of $33.96. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 19.33 and a beta of 1.13.

Institutional Investors Weigh In On iShares MSCI Germany ETF

Several hedge funds have recently made changes to their positions in EWG. Strategic Financial Concepts LLC grew its holdings 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 purchasing an additional 1,023,155 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of iShares MSCI Germany ETF by 132.3% in the 4th quarter. Ameriprise Financial Inc. now owns 732,785 shares of the exchange traded fund’s stock valued at $23,317,000 after purchasing an additional 417,382 shares during the last quarter. GTS Securities LLC grew its stake in shares of iShares MSCI Germany ETF by 118.7% during the 4th 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 during the period. Point72 Europe London LLP acquired a new stake in shares of iShares MSCI Germany ETF during the 4th quarter worth $5,842,000. Finally, Optiver Holding B.V. raised its position in shares of iShares MSCI Germany ETF by 121.6% in the 4th quarter. Optiver Holding B.V. now owns 256,373 shares of the exchange traded fund’s stock worth $8,158,000 after buying an additional 140,698 shares during the period.

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).