iShares MSCI Germany ETF $EWG Stock Position Decreased by Cibc World Market Inc.

Cibc World Market Inc. trimmed its stake in iShares MSCI Germany ETF (NYSEARCA:EWG) by 76.5% during the third quarter, HoldingsChannel.com reports. The fund owned 6,566 shares of the exchange traded fund’s stock after selling 21,404 shares during the period. Cibc World Market Inc.’s holdings in iShares MSCI Germany ETF were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Berbice Capital Management LLC boosted its position in shares of iShares MSCI Germany ETF by 60.0% in the 2nd quarter. Berbice Capital Management LLC now owns 800 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 300 shares during the period. Allworth Financial LP lifted its stake in iShares MSCI Germany ETF by 146.9% during the second quarter. Allworth Financial LP now owns 842 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 501 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of iShares MSCI Germany ETF in the second quarter worth about $37,000. Laurel Wealth Advisors LLC purchased a new position in shares of iShares MSCI Germany ETF in the second quarter worth approximately $54,000. Finally, North Capital Inc. raised its holdings in shares of iShares MSCI Germany ETF by 107.1% during the second quarter. North Capital Inc. now owns 1,450 shares of the exchange traded fund’s stock valued at $61,000 after acquiring an additional 750 shares during the period. 53.42% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Germany ETF Stock Performance

Shares of NYSEARCA:EWG opened at $43.88 on Friday. The firm has a 50 day simple moving average of $43.16 and a 200 day simple moving average of $42.01. iShares MSCI Germany ETF has a 52 week low of $32.82 and a 52 week high of $44.62. The company has a market cap of $1.79 billion, a PE ratio of 17.79 and a beta of 1.03.

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.