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

iShares MSCI Germany ETF (NYSEARCA:EWG) shares hit a new 52-week high on Wednesday . The stock traded as high as $35.41 and last traded at $35.40, with a volume of 866649 shares trading hands. The stock had previously closed at $34.90.

iShares MSCI Germany ETF Price Performance

The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 14.47 and a beta of 0.91. The stock’s 50 day simple moving average is $33.28 and its 200-day simple moving average is $32.54.

Institutional Investors Weigh In On iShares MSCI Germany ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Vontobel Holding Ltd. raised its stake in shares of iShares MSCI Germany ETF by 1.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 136,768 shares of the exchange traded fund’s stock valued at $4,628,000 after acquiring an additional 1,941 shares in the last quarter. Onyx Bridge Wealth Group LLC grew its holdings in iShares MSCI Germany ETF by 9.4% during the third quarter. Onyx Bridge Wealth Group LLC now owns 177,893 shares of the exchange traded fund’s stock valued at $6,020,000 after purchasing an additional 15,281 shares during the last quarter. Whittier Trust Co. raised its position in shares of iShares MSCI Germany ETF by 38.5% in the third quarter. Whittier Trust Co. now owns 2,813 shares of the exchange traded fund’s stock valued at $95,000 after purchasing an additional 782 shares during the period. Viewpoint Capital Management LLC lifted its stake in shares of iShares MSCI Germany ETF by 9.1% in the third quarter. Viewpoint Capital Management LLC now owns 40,856 shares of the exchange traded fund’s stock worth $1,386,000 after buying an additional 3,410 shares during the last quarter. Finally, Barry Investment Advisors LLC boosted its holdings in shares of iShares MSCI Germany ETF by 5.3% during the 3rd quarter. Barry Investment Advisors LLC now owns 26,578 shares of the exchange traded fund’s stock worth $899,000 after buying an additional 1,329 shares during the period.

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).