Royal Bank of Canada Sells 294,127 Shares of iShares MSCI Germany ETF $EWG

Royal Bank of Canada decreased its holdings in iShares MSCI Germany ETF (NYSEARCA:EWG) by 40.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 425,449 shares of the exchange traded fund’s stock after selling 294,127 shares during the period. Royal Bank of Canada’s holdings in iShares MSCI Germany ETF were worth $16,878,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Allworth Financial LP boosted its holdings in shares of iShares MSCI Germany ETF by 88.9% during the 4th quarter. Allworth Financial LP now owns 646 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 304 shares during the last quarter. MV Capital Management Inc. purchased a new position in shares of iShares MSCI Germany ETF during the fourth quarter valued at approximately $28,000. JPL Wealth Management LLC purchased a new position in shares of iShares MSCI Germany ETF during the third quarter valued at approximately $28,000. Geneos Wealth Management Inc. bought a new position in iShares MSCI Germany ETF during the fourth quarter valued at approximately $31,000. Finally, EFG International AG bought a new position in iShares MSCI Germany ETF during the fourth quarter valued at approximately $36,000. Institutional investors own 53.42% of the company’s stock.

iShares MSCI Germany ETF Trading Down 0.3%

Shares of EWG stock opened at $43.52 on Friday. iShares MSCI Germany ETF has a 12-month low of $37.97 and a 12-month high of $44.65. The stock has a market capitalization of $1.61 billion, a P/E ratio of 17.79 and a beta of 0.95. The firm’s 50 day moving average is $41.92 and its 200 day moving average is $42.09.

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). The Index seeks to measure the performance of the Germany equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.