iShares MSCI Germany ETF (NYSEARCA:EWG) Sees Large Volume Increase – Should You Buy?

iShares MSCI Germany ETF (NYSEARCA:EWG) shares saw unusually-high trading volume on Friday . Approximately 2,483,302 shares were traded during trading, an increase of 207% from the previous session’s volume of 810,169 shares.The stock last traded at $31.92 and had previously closed at $32.38.

iShares MSCI Germany ETF Price Performance

The firm’s 50-day simple moving average is $32.20 and its two-hundred day simple moving average is $32.02. The company has a market capitalization of $970.51 million, a price-to-earnings ratio of 14.47 and a beta of 0.91.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rhumbline Advisers grew its holdings in shares of iShares MSCI Germany ETF by 5.4% during the second quarter. Rhumbline Advisers now owns 108,025 shares of the exchange traded fund’s stock worth $3,308,000 after buying an additional 5,530 shares in the last quarter. Private Advisor Group LLC acquired a new position in iShares MSCI Germany ETF in the 2nd quarter valued at $799,000. J.W. Cole Advisors Inc. acquired a new stake in shares of iShares MSCI Germany ETF during the second quarter worth $358,000. Hsbc Holdings PLC grew its position in shares of iShares MSCI Germany ETF by 4.7% in the second quarter. Hsbc Holdings PLC now owns 31,245 shares of the exchange traded fund’s stock valued at $957,000 after purchasing an additional 1,410 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in iShares MSCI Germany ETF by 2.4% in the second quarter. Thrivent Financial for Lutherans now owns 173,317 shares of the exchange traded fund’s stock valued at $5,307,000 after purchasing an additional 4,061 shares during the last quarter.

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).