iShares MSCI Germany ETF (NYSEARCA:EWG) Sees Large Volume Increase – Here’s Why

iShares MSCI Germany ETF (NYSEARCA:EWG) saw strong trading volume on Friday . 2,483,302 shares changed hands during trading, an increase of 207% from the previous session’s volume of 810,169 shares.The stock last traded at $31.92 and had previously closed at $32.38.

iShares MSCI Germany ETF Stock Performance

The stock’s 50-day moving average price is $32.21 and its two-hundred day moving average price is $32.00. The stock has a market capitalization of $972.63 million, a PE ratio of 14.47 and a beta of 0.91.

Hedge Funds Weigh In On iShares MSCI Germany ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dai ichi Life Holdings Inc. bought a new position in iShares MSCI Germany ETF during the 3rd quarter valued at about $1,189,000. Strategic Financial Concepts LLC lifted its stake in iShares MSCI Germany ETF by 2,984.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,054,793 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 1,020,599 shares during the period. Main Management ETF Advisors LLC lifted its stake in iShares MSCI Germany ETF by 14.2% during the 3rd quarter. Main Management ETF Advisors LLC now owns 263,660 shares of the exchange traded fund’s stock valued at $8,922,000 after acquiring an additional 32,865 shares during the period. WestEnd Advisors LLC purchased a new stake in shares of iShares MSCI Germany ETF during the 3rd quarter valued at about $50,000. Finally, Wellington Management Group LLP increased its position in shares of iShares MSCI Germany ETF by 6.4% during the 3rd quarter. Wellington Management Group LLP now owns 178,435 shares of the exchange traded fund’s stock valued at $6,038,000 after purchasing an additional 10,741 shares during the last quarter.

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).