iShares MSCI Germany ETF $EWG Stock Position Cut by Life Line Wealth Management LLC

Life Line Wealth Management LLC lowered its holdings in iShares MSCI Germany ETF (NYSEARCA:EWG) by 45.0% in the fourth quarter, HoldingsChannel reports. The firm owned 336,362 shares of the exchange traded fund’s stock after selling 275,021 shares during the quarter. iShares MSCI Germany ETF makes up approximately 4.2% of Life Line Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Life Line Wealth Management LLC’s holdings in iShares MSCI Germany ETF were worth $14,295,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. JPL Wealth Management LLC purchased a new stake in shares of iShares MSCI Germany ETF during the third quarter worth $28,000. Geneos Wealth Management Inc. acquired a new position in iShares MSCI Germany ETF during the 4th quarter worth $31,000. Johnson Financial Group Inc. purchased a new stake in iShares MSCI Germany ETF during the 3rd quarter worth about $37,000. NewEdge Advisors LLC acquired a new stake in iShares MSCI Germany ETF in the 1st quarter valued at about $65,000. Finally, Advisory Services Network LLC acquired a new stake in iShares MSCI Germany ETF in the 3rd quarter valued at about $83,000. 53.42% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Germany ETF Stock Performance

EWG stock opened at $42.53 on Tuesday. The company’s 50 day moving average price is $41.15 and its 200 day moving average price is $41.89. iShares MSCI Germany ETF has a fifty-two week low of $37.97 and a fifty-two week high of $44.65. The firm has a market capitalization of $1.45 billion, a price-to-earnings 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.