iShares MSCI Germany ETF (NYSEARCA:EWG) Shares Gap Down to $28.51

iShares MSCI Germany ETF (NYSEARCA:EWGGet Rating)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $28.51, but opened at $27.78. iShares MSCI Germany ETF shares last traded at $27.84, with a volume of 183,067 shares.

iShares MSCI Germany ETF Price Performance

The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 10.82 and a beta of 1.07. The business’s fifty day simple moving average is $28.84 and its 200 day simple moving average is $27.46.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Raleigh Capital Management Inc. acquired a new position in shares of iShares MSCI Germany ETF during the first quarter valued at about $25,000. Ameriprise Financial Inc. boosted its stake in shares of iShares MSCI Germany ETF by 6,065.5% in the 1st quarter. Ameriprise Financial Inc. now owns 1,300,127 shares of the exchange traded fund’s stock worth $37,018,000 after buying an additional 1,279,040 shares during the last quarter. American Trust bought a new position in shares of iShares MSCI Germany ETF in the first quarter valued at approximately $3,659,000. Prostatis Group LLC bought a new position in shares of iShares MSCI Germany ETF in the first quarter valued at approximately $1,969,000. Finally, Thrivent Financial for Lutherans bought a new position in shares of iShares MSCI Germany ETF in the first quarter valued at approximately $12,152,000.

iShares MSCI Germany ETF Company Profile

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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).

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