iShares MSCI Germany ETF (NYSEARCA:EWG) Hits New 1-Year High – Still a Buy?

iShares MSCI Germany ETF (NYSEARCA:EWG)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $39.36 and last traded at $39.31, with a volume of 9211972 shares changing hands. The stock had previously closed at $39.03.

iShares MSCI Germany ETF Stock Down 1.7 %

The company has a market cap of $1.71 billion, a price-to-earnings ratio of 19.33 and a beta of 1.13. The stock has a 50 day simple moving average of $35.77 and a 200 day simple moving average of $33.62.

Hedge Funds Weigh In On iShares MSCI Germany ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Thrivent Financial for Lutherans lifted its position in shares of iShares MSCI Germany ETF by 1.5% during the third quarter. Thrivent Financial for Lutherans now owns 175,927 shares of the exchange traded fund’s stock worth $5,953,000 after purchasing an additional 2,610 shares in the last quarter. Cypress Capital Group acquired a new position in iShares MSCI Germany ETF in the 3rd quarter worth $261,000. Dai ichi Life Holdings Inc. purchased a new position in iShares MSCI Germany ETF in the 3rd quarter valued at about $1,189,000. Centric Wealth Management acquired a new stake in shares of iShares MSCI Germany ETF during the third quarter valued at about $204,000. Finally, Arizona PSPRS Trust acquired a new stake in shares of iShares MSCI Germany ETF during the third quarter valued at about $1,922,000.

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).