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

iShares MSCI Germany ETF (NYSEARCA:EWG) saw unusually-strong trading volume on Tuesday . Approximately 2,407,622 shares traded hands during trading, an increase of 113% from the previous session’s volume of 1,130,391 shares.The stock last traded at $39.11 and had previously closed at $39.03.

iShares MSCI Germany ETF Stock Performance

The firm has a market capitalization of $1.17 billion, a PE ratio of 18.62 and a beta of 1.13. The company’s fifty day moving average price is $35.38 and its two-hundred day moving average price is $33.51.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Strategic Financial Concepts LLC raised its holdings in iShares MSCI Germany ETF by 3,082.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,056,353 shares of the exchange traded fund’s stock valued at $33,613,000 after buying an additional 1,023,155 shares during the period. Ameriprise Financial Inc. raised its holdings in iShares MSCI Germany ETF by 132.3% in the fourth quarter. Ameriprise Financial Inc. now owns 732,785 shares of the exchange traded fund’s stock valued at $23,317,000 after buying an additional 417,382 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI Germany ETF by 3.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 266,926 shares of the exchange traded fund’s stock valued at $8,494,000 after purchasing an additional 9,031 shares during the period. Main Management ETF Advisors LLC grew its position in shares of iShares MSCI Germany ETF by 14.2% during the third quarter. Main Management ETF Advisors LLC now owns 263,660 shares of the exchange traded fund’s stock worth $8,922,000 after buying an additional 32,865 shares in the last quarter. Finally, Optiver Holding B.V. grew its position in shares of iShares MSCI Germany ETF by 121.6% during the fourth quarter. Optiver Holding B.V. now owns 256,373 shares of the exchange traded fund’s stock worth $8,158,000 after buying an additional 140,698 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).