iShares MSCI Germany ETF (NYSEARCA:EWG) Sees Strong Trading Volume – Still a Buy?

iShares MSCI Germany ETF (NYSEARCA:EWG) shares saw strong trading volume on Tuesday . 3,469,065 shares changed hands during trading, an increase of 220% from the previous session’s volume of 1,082,508 shares.The stock last traded at $32.65 and had previously closed at $32.47.

iShares MSCI Germany ETF Stock Up 0.4 %

The stock’s 50-day moving average price is $32.54 and its 200 day moving average price is $31.82. The company has a market cap of $987.78 million, a P/E ratio of 14.47 and a beta of 0.91.

Institutional Trading of iShares MSCI Germany ETF

Several hedge funds have recently added to or reduced their stakes in EWG. Strategic Financial Concepts LLC grew its stake in shares of iShares MSCI Germany ETF by 2,984.7% in the second quarter. Strategic Financial Concepts LLC now owns 1,054,793 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 1,020,599 shares during the last quarter. WestEnd Advisors LLC acquired a new stake in iShares MSCI Germany ETF during the third quarter worth about $50,000. Whittier Trust Co. raised its holdings in iShares MSCI Germany ETF by 38.5% in the 3rd quarter. Whittier Trust Co. now owns 2,813 shares of the exchange traded fund’s stock valued at $95,000 after acquiring an additional 782 shares in the last quarter. Centric Wealth Management bought a new stake in shares of iShares MSCI Germany ETF in the 3rd quarter worth approximately $204,000. Finally, National Bank of Canada FI grew its holdings in shares of iShares MSCI Germany ETF by 43.9% during the 3rd quarter. National Bank of Canada FI now owns 6,224 shares of the exchange traded fund’s stock worth $211,000 after purchasing an additional 1,900 shares in the last quarter.

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).