Envestnet Asset Management Inc. Reduces Position in iShares MSCI Germany ETF $EWG

Envestnet Asset Management Inc. cut its holdings in shares of iShares MSCI Germany ETF (NYSEARCA:EWG) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 835,185 shares of the exchange traded fund’s stock after selling 20,387 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.71% of iShares MSCI Germany ETF worth $34,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EWG. Berbice Capital Management LLC raised its position in shares of iShares MSCI Germany ETF by 60.0% during the 2nd quarter. Berbice Capital Management LLC now owns 800 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 300 shares in the last quarter. Allworth Financial LP increased its stake in 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 valued at $36,000 after purchasing an additional 501 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of iShares MSCI Germany ETF during the second quarter worth $37,000. Laurel Wealth Advisors LLC bought a new position in shares of iShares MSCI Germany ETF in the 2nd quarter worth about $54,000. Finally, North Capital Inc. boosted its holdings in shares of iShares MSCI Germany ETF by 107.1% in the 2nd quarter. North Capital Inc. now owns 1,450 shares of the exchange traded fund’s stock valued at $61,000 after buying an additional 750 shares during the period. 53.42% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Germany ETF Stock Down 0.4%

Shares of NYSEARCA EWG opened at $44.05 on Thursday. The firm’s 50-day moving average price is $42.88 and its two-hundred day moving average price is $41.91. iShares MSCI Germany ETF has a 52-week low of $32.82 and a 52-week high of $44.42. The stock has a market capitalization of $1.80 billion, a P/E ratio of 17.79 and a beta of 1.03.

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.