Renaissance Technologies LLC Reduces Stock Position in iShares MSCI Germany ETF $EWG

Renaissance Technologies LLC lessened its stake in iShares MSCI Germany ETF (NYSEARCA:EWG) by 37.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,000 shares of the exchange traded fund’s stock after selling 15,000 shares during the quarter. Renaissance Technologies LLC owned about 0.07% of iShares MSCI Germany ETF worth $992,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in iShares MSCI Germany ETF by 88.9% in the 4th quarter. Allworth Financial LP now owns 646 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 304 shares in the last quarter. MV Capital Management Inc. acquired a new stake in shares of iShares MSCI Germany ETF in the 4th quarter worth $28,000. JPL Wealth Management LLC purchased a new position in shares of iShares MSCI Germany ETF during the 3rd quarter worth $28,000. Geneos Wealth Management Inc. acquired a new position in shares of iShares MSCI Germany ETF during the 4th quarter valued at about $31,000. Finally, EFG International AG purchased a new stake in shares of iShares MSCI Germany ETF in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 53.42% of the company’s stock.

iShares MSCI Germany ETF Trading Up 0.5%

Shares of EWG opened at $44.16 on Friday. iShares MSCI Germany ETF has a 12-month low of $37.97 and a 12-month high of $44.65. The firm has a market capitalization of $1.63 billion, a P/E ratio of 17.79 and a beta of 0.95. The firm has a 50-day moving average price of $42.03 and a 200 day moving average price of $42.13.

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.