iShares MSCI Germany ETF (NYSEARCA:EWG) Shares Cross Above 50-Day Moving Average – Here’s Why

iShares MSCI Germany ETF (NYSEARCA:EWG)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $41.20 and traded as high as $42.61. iShares MSCI Germany ETF shares last traded at $42.51, with a volume of 1,394,066 shares.

iShares MSCI Germany ETF Trading Down 0.3%

The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 17.79 and a beta of 1.03. The firm has a fifty day moving average price of $41.20 and a 200 day moving average price of $41.59.

Institutional Trading of iShares MSCI Germany ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EWG. JPL Wealth Management LLC bought a new position in shares of iShares MSCI Germany ETF in the third quarter valued at about $28,000. Berbice Capital Management LLC raised its stake in shares of iShares MSCI Germany ETF by 60.0% in the second quarter. Berbice Capital Management LLC now owns 800 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 300 shares during the last quarter. Allworth Financial LP lifted its position in shares of iShares MSCI Germany ETF by 146.9% during the second quarter. Allworth Financial LP now owns 842 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 501 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of iShares MSCI Germany ETF during the second quarter valued at approximately $37,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of iShares MSCI Germany ETF during the third quarter valued at approximately $37,000. 53.42% of the stock is currently owned by institutional investors and hedge funds.

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.