Belpointe Asset Management LLC Invests $333,000 in iShares MSCI Germany ETF $EWG

Belpointe Asset Management LLC purchased a new stake in iShares MSCI Germany ETF (NYSEARCA:EWG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,988 shares of the exchange traded fund’s stock, valued at approximately $333,000.

Several other hedge funds have also recently bought and sold shares of the business. Hsbc Holdings PLC raised its stake in shares of iShares MSCI Germany ETF by 15,545.6% during the first quarter. Hsbc Holdings PLC now owns 3,286,517 shares of the exchange traded fund’s stock valued at $121,864,000 after purchasing an additional 3,265,511 shares during the period. New Vernon Capital Holdings II LLC purchased a new stake in shares of iShares MSCI Germany ETF during the first quarter valued at approximately $57,326,000. Life Line Wealth Management LLC purchased a new stake in shares of iShares MSCI Germany ETF during the first quarter valued at approximately $44,782,000. Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI Germany ETF by 290.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,042,496 shares of the exchange traded fund’s stock valued at $38,656,000 after purchasing an additional 775,570 shares during the period. Finally, HITE Hedge Asset Management LLC purchased a new stake in shares of iShares MSCI Germany ETF during the first quarter valued at approximately $18,186,000. Hedge funds and other institutional investors own 53.42% of the company’s stock.

iShares MSCI Germany ETF Trading Down 0.2%

EWG stock opened at $41.31 on Monday. iShares MSCI Germany ETF has a twelve month low of $31.03 and a twelve month high of $43.31. The company has a market capitalization of $2.80 billion, a P/E ratio of 17.79 and a beta of 1.07. The firm has a 50 day simple moving average of $42.03 and a 200-day simple moving average of $40.35.

About iShares MSCI Germany ETF

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).