Rice Partnership LLC lowered its position in shares of iShares MSCI Germany ETF (NYSEARCA:EWG – Free Report) by 13.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 618,221 shares of the exchange traded fund’s stock after selling 99,946 shares during the quarter. iShares MSCI Germany ETF makes up approximately 3.4% of Rice Partnership LLC’s holdings, making the stock its 9th biggest holding. Rice Partnership LLC owned approximately 1.81% of iShares MSCI Germany ETF worth $24,525,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in EWG. Allworth Financial LP lifted its position in iShares MSCI Germany ETF by 88.9% during the 4th quarter. Allworth Financial LP now owns 646 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 304 shares in the last quarter. MV Capital Management Inc. acquired a new stake in iShares MSCI Germany ETF in the 4th quarter valued at about $28,000. JPL Wealth Management LLC bought a new position in shares of iShares MSCI Germany ETF in the third quarter worth about $28,000. Geneos Wealth Management Inc. bought a new position in shares of iShares MSCI Germany ETF in the fourth quarter worth about $31,000. Finally, EFG International AG bought a new position in shares of iShares MSCI Germany ETF in the fourth quarter worth about $36,000. 53.42% of the stock is owned by institutional investors.
iShares MSCI Germany ETF Stock Performance
NYSEARCA:EWG opened at $40.87 on Tuesday. The stock’s fifty day moving average price is $42.01 and its two-hundred day moving average price is $42.17. iShares MSCI Germany ETF has a 52-week low of $37.97 and a 52-week high of $44.65. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 17.79 and a beta of 0.95.
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.
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