Harbour Wealth Management Group Inc. Takes $1.45 Million Position in iShares MSCI Germany ETF $EWG

Harbour Wealth Management Group Inc. acquired a new stake in shares of iShares MSCI Germany ETF (NYSEARCA:EWG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 34,135 shares of the exchange traded fund’s stock, valued at approximately $1,451,000. iShares MSCI Germany ETF accounts for about 1.1% of Harbour Wealth Management Group Inc.’s investment portfolio, making the stock its 22nd largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EWG. Empowered Funds LLC purchased a new position in iShares MSCI Germany ETF in the 4th quarter valued at about $4,954,000. Prostatis Group LLC increased its position in shares of iShares MSCI Germany ETF by 12.7% during the fourth quarter. Prostatis Group LLC now owns 97,044 shares of the exchange traded fund’s stock worth $4,124,000 after acquiring an additional 10,966 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of iShares MSCI Germany ETF by 301.4% during the fourth quarter. Quadrature Capital Ltd now owns 87,391 shares of the exchange traded fund’s stock worth $3,714,000 after acquiring an additional 65,620 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of iShares MSCI Germany ETF by 107.1% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 210,973 shares of the exchange traded fund’s stock worth $8,990,000 after acquiring an additional 109,085 shares during the last quarter. Finally, EFG International AG acquired a new position in shares of iShares MSCI Germany ETF in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 53.42% of the company’s stock.

iShares MSCI Germany ETF Stock Performance

Shares of EWG opened at $41.52 on Friday. The company has a market capitalization of $1.42 billion, a P/E ratio of 17.79 and a beta of 0.95. iShares MSCI Germany ETF has a one year low of $37.97 and a one year high of $44.65. The stock has a 50-day moving average price of $42.39 and a 200 day moving average price of $42.24.

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.