iShares MSCI Germany ETF (NYSEARCA:EWG) Sees Large Volume Increase – What’s Next?

iShares MSCI Germany ETF (NYSEARCA:EWG) shares saw strong trading volume on Tuesday . 3,469,065 shares traded hands during trading, an increase of 220% from the previous session’s volume of 1,082,508 shares.The stock last traded at $32.65 and had previously closed at $32.47.

iShares MSCI Germany ETF Stock Up 1.1 %

The company has a market cap of $1.01 billion, a price-to-earnings ratio of 14.47 and a beta of 0.91. The company’s 50-day moving average is $32.53 and its 200 day moving average is $31.83.

Hedge Funds Weigh In On iShares MSCI Germany ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC lifted its stake in shares of iShares MSCI Germany ETF by 2,984.7% in the second quarter. Strategic Financial Concepts LLC now owns 1,054,793 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 1,020,599 shares in the last quarter. CX Institutional increased its position in shares of iShares MSCI Germany ETF by 4.4% during the third quarter. CX Institutional now owns 500,360 shares of the exchange traded fund’s stock valued at $16,932,000 after acquiring an additional 20,881 shares during the last quarter. Main Management ETF Advisors LLC grew its holdings in shares of iShares MSCI Germany ETF by 14.2% in the third quarter. Main Management ETF Advisors LLC now owns 263,660 shares of the exchange traded fund’s stock valued at $8,922,000 after purchasing an additional 32,865 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of iShares MSCI Germany ETF by 5.8% in the third quarter. Principal Securities Inc. now owns 237,199 shares of the exchange traded fund’s stock valued at $8,027,000 after purchasing an additional 13,044 shares in the last quarter. Finally, Fortis Group Advisors LLC grew its holdings in shares of iShares MSCI Germany ETF by 68.0% in the second quarter. Fortis Group Advisors LLC now owns 209,567 shares of the exchange traded fund’s stock valued at $6,417,000 after purchasing an additional 84,793 shares in the last quarter.

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).