Renaissance Technologies LLC trimmed its holdings in iShares MSCI Germany ETF (NYSEARCA:EWG – Free Report) by 37.5% in the 1st quarter, HoldingsChannel reports. The fund owned 25,000 shares of the exchange traded fund’s stock after selling 15,000 shares during the quarter. Renaissance Technologies LLC’s holdings in iShares MSCI Germany ETF were worth $992,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EWG. Lido Advisors LLC lifted its stake in shares of iShares MSCI Germany ETF by 168.6% in the 1st quarter. Lido Advisors LLC now owns 485,803 shares of the exchange traded fund’s stock valued at $19,272,000 after purchasing an additional 304,946 shares during the last quarter. Dynamic Wealth Strategies LLC grew its holdings in shares of iShares MSCI Germany ETF by 4.3% during the 1st quarter. Dynamic Wealth Strategies LLC now owns 29,589 shares of the exchange traded fund’s stock worth $1,174,000 after purchasing an additional 1,225 shares during the period. Dorsey Wright & Associates purchased a new position in shares of iShares MSCI Germany ETF during the 1st quarter worth $440,000. Fifth Third Bancorp acquired a new stake in shares of iShares MSCI Germany ETF during the 1st quarter worth about $164,000. Finally, Hsbc Holdings PLC increased its position in shares of iShares MSCI Germany ETF by 2.1% during the 1st quarter. Hsbc Holdings PLC now owns 34,558 shares of the exchange traded fund’s stock worth $1,371,000 after purchasing an additional 703 shares during the last quarter. Institutional investors and hedge funds own 53.42% of the company’s stock.
iShares MSCI Germany ETF Trading Up 0.5%
Shares of EWG opened at $44.16 on Friday. The company’s 50-day moving average price is $42.03 and its 200 day moving average price is $42.13. iShares MSCI Germany ETF has a 12-month low of $37.97 and a 12-month high of $44.65. The firm has a market cap of $1.63 billion, a P/E ratio of 17.79 and a beta of 0.95.
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). 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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