Stifel Financial Corp Reduces Holdings in iShares MSCI Germany ETF (NYSEARCA:EWG)

As of December 30, 2024, Stifel Financial Corp has announced a significant reduction in its holdings of the iShares MSCI Germany ETF (NYSEARCA:EWG). In the third quarter, the firm cut its position by an impressive 81.3%, resulting in ownership of 6,715 shares after selling 29,214 shares during that period. The latest SEC filings indicate that Stifel’s total stake in the ETF is now valued at approximately $227,000.

Other institutional investors and hedge funds have also made adjustments to their positions in the iShares MSCI Germany ETF. For instance, during the second quarter, Strategic Financial Concepts LLC raised its holdings by 2,984.7%, acquiring an additional 1,020,599 shares. This brought their total to 1,054,793 shares, which are valued around $34,000. Furthermore, WestEnd Advisors LLC entered a new position during the third quarter with an investment of $50,000. Whittier Trust Co. also increased its stake by 38.5%, now holding 2,813 shares worth $95,000 after buying an additional 782 shares in the same period. Centric Wealth Management and Cypress Capital Group are among others who recently bought new stakes in the ETF, valued at approximately $204,000 and $261,000, respectively.

Performance Overview of iShares MSCI Germany ETF

The shares of NYSEARCA EWG opened at $32.14 on the market recently. The ETF has a 50-day simple moving average of $32.34 and a 200-day simple moving average of $31.91. The total market capitalization is reported at $973.84 million. The ETF has a price-to-earnings (PE) ratio of 14.47 and a beta of 0.91, indicating moderately lower volatility compared to the market. Over the past year, the ETF has experienced a low of $28.28 and a high of $34.12.

iShares MSCI Germany ETF Profile

The iShares MSCI Germany ETF, previously known as the iShares MSCI Germany Index Fund, is designed to track the performance of securities in the German market, as outlined by the MSCI Germany Index. The ETF aims to deliver returns that correspond closely to the price and yield performance of its underlying index, minus any applicable fees and expenses.

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For those interested in tracking institutional movements around the iShares MSCI Germany ETF, consider reviewing the latest 13F filings and insider transactions.

iShares, Germany, ETF