131,912 Shares in iShares MSCI Germany ETF $EWG Acquired by Avalon Capital Management

Avalon Capital Management purchased a new stake in shares of iShares MSCI Germany ETF (NYSEARCA:EWG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 131,912 shares of the exchange traded fund’s stock, valued at approximately $5,606,000. iShares MSCI Germany ETF makes up about 1.3% of Avalon Capital Management’s investment portfolio, making the stock its 20th biggest position.

A number of other hedge funds have also modified their holdings of the company. Allworth Financial LP increased its stake in shares of iShares MSCI Germany ETF by 88.9% in the fourth quarter. Allworth Financial LP now owns 646 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 304 shares in the last quarter. JPL Wealth Management LLC bought a new stake in iShares MSCI Germany ETF during the third quarter valued at about $28,000. Geneos Wealth Management Inc. bought a new stake in iShares MSCI Germany ETF during the fourth quarter valued at about $31,000. Johnson Financial Group Inc. bought a new position in iShares MSCI Germany ETF in the 3rd quarter worth approximately $37,000. Finally, NewEdge Advisors LLC purchased a new position in iShares MSCI Germany ETF during the first quarter valued at $65,000. 53.42% of the stock is currently owned by institutional investors.

iShares MSCI Germany ETF Price Performance

NYSEARCA:EWG opened at $42.77 on Thursday. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 17.79 and a beta of 0.95. The stock’s 50 day simple moving average is $41.83 and its two-hundred day simple moving average is $42.09. iShares MSCI Germany ETF has a 1 year low of $37.97 and a 1 year high of $44.65.

iShares MSCI Germany ETF 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.