UBS Group AG Lowers Stock Holdings in iShares MSCI Germany ETF $EWG

UBS Group AG lowered its position in iShares MSCI Germany ETF (NYSEARCA:EWG) by 19.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 244,089 shares of the exchange traded fund’s stock after selling 60,339 shares during the quarter. UBS Group AG’s holdings in iShares MSCI Germany ETF were worth $10,374,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EWG. Bank of America Corp DE boosted its holdings in iShares MSCI Germany ETF by 291.7% in the second quarter. Bank of America Corp DE now owns 1,933,554 shares of the exchange traded fund’s stock valued at $81,809,000 after acquiring an additional 1,439,864 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in iShares MSCI Germany ETF by 289.5% in the third quarter. Ameriprise Financial Inc. now owns 730,196 shares of the exchange traded fund’s stock valued at $30,766,000 after acquiring an additional 542,708 shares during the last quarter. Marshall Wace LLP boosted its holdings in iShares MSCI Germany ETF by 487.7% in the third quarter. Marshall Wace LLP now owns 635,765 shares of the exchange traded fund’s stock valued at $26,454,000 after acquiring an additional 527,589 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in iShares MSCI Germany ETF in the second quarter valued at $13,721,000. Finally, Rice Partnership LLC boosted its holdings in iShares MSCI Germany ETF by 62.9% in the third quarter. Rice Partnership LLC now owns 654,001 shares of the exchange traded fund’s stock valued at $27,213,000 after acquiring an additional 252,611 shares during the last quarter. Institutional investors and hedge funds own 53.42% of the company’s stock.

iShares MSCI Germany ETF Trading Down 2.1%

Shares of iShares MSCI Germany ETF stock opened at $41.37 on Friday. iShares MSCI Germany ETF has a twelve month low of $37.97 and a twelve month high of $44.65. The stock has a market capitalization of $1.41 billion, a P/E ratio of 17.79 and a beta of 0.95. The business’s fifty day moving average price is $41.09 and its 200 day moving average price is $41.90.

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.