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

Shares of iShares MSCI Germany ETF (NYSEARCA:EWG) saw an uptick in trading volume on Monday . 1,160,559 shares were traded during mid-day trading, an increase of 26% from the previous session’s volume of 918,691 shares.The stock last traded at $34.06 and had previously closed at $34.63.

iShares MSCI Germany ETF Price Performance

The firm has a market capitalization of $1.05 billion, a P/E ratio of 14.47 and a beta of 0.91. The firm’s 50 day simple moving average is $32.89 and its two-hundred day simple moving average is $32.36.

Hedge Funds Weigh In On iShares MSCI Germany ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. AlphaCentric Advisors LLC grew its holdings in iShares MSCI Germany ETF by 8.6% in the fourth quarter. AlphaCentric Advisors LLC now owns 3,684 shares of the exchange traded fund’s stock worth $117,000 after purchasing an additional 293 shares during the period. Global Retirement Partners LLC grew its holdings in iShares MSCI Germany ETF by 10.5% in the fourth quarter. Global Retirement Partners LLC now owns 4,408 shares of the exchange traded fund’s stock worth $140,000 after purchasing an additional 420 shares during the period. Barry Investment Advisors LLC grew its holdings in iShares MSCI Germany ETF by 2.6% in the fourth quarter. Barry Investment Advisors LLC now owns 27,270 shares of the exchange traded fund’s stock worth $868,000 after purchasing an additional 692 shares during the period. Mount Lucas Management LP grew its holdings in iShares MSCI Germany ETF by 3.1% in the third quarter. Mount Lucas Management LP now owns 23,271 shares of the exchange traded fund’s stock worth $787,000 after purchasing an additional 703 shares during the period. Finally, Whittier Trust Co. grew its holdings in iShares MSCI Germany ETF by 38.5% in the third quarter. Whittier Trust Co. now owns 2,813 shares of the exchange traded fund’s stock worth $95,000 after purchasing an additional 782 shares during the period.

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).