iShares MSCI Germany ETF (NYSEARCA:EWG) Reaches New 52-Week High – Should You Buy?

Shares of iShares MSCI Germany ETF (NYSEARCA:EWG) hit a new 52-week high during trading on Thursday . The stock traded as high as $35.08 and last traded at $35.05, with a volume of 202344 shares trading hands. The stock had previously closed at $34.71.

iShares MSCI Germany ETF Stock Down 1.3 %

The business has a 50-day simple moving average of $33.01 and a two-hundred day simple moving average of $32.39. The stock has a market capitalization of $1.05 billion, a P/E ratio of 14.47 and a beta of 0.91.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of EWG. Creative Capital Management Investments LLC acquired a new stake in iShares MSCI Germany ETF during the 4th quarter valued at $33,000. WestEnd Advisors LLC bought a new stake in shares of iShares MSCI Germany ETF during the third quarter worth $50,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of iShares MSCI Germany ETF in the fourth quarter valued at $62,000. IFP Advisors Inc raised its holdings in shares of iShares MSCI Germany ETF by 193.8% in the fourth quarter. IFP Advisors Inc now owns 2,706 shares of the exchange traded fund’s stock valued at $86,000 after buying an additional 1,785 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in iShares MSCI Germany ETF during the 4th quarter worth about $91,000.

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).