TD Waterhouse Canada Inc. Increases Stake in iShares MSCI Germany ETF

TD Waterhouse Canada Inc. has significantly increased its investment in the iShares MSCI Germany ETF (NYSEARCA: EWG) by acquiring an additional 5,820 shares during the second quarter of 2023. This strategic move has resulted in a remarkable 363.3% boost in its holdings, bringing the total number of shares owned to 7,422. As of the latest reporting period, the value of these shares stands at approximately $312,000.

Several other prominent investors have also adjusted their positions in the iShares MSCI Germany ETF recently. For instance, Kingsview Wealth Management LLC made a notable entry by purchasing a new stake valued at around $5.3 million. Meanwhile, SG Americas Securities LLC increased its holdings by 15.4%, owning 51,841 shares valued at $2.19 million after acquiring an additional 6,905 shares.

Additionally, Banco Bilbao Vizcaya Argentaria S.A. entered the ETF market with a new position valued at approximately $3.36 million. ABC Arbitrage SA also bolstered its stake by 37.2%, bringing its total to 71,155 shares worth around $3.01 million, after purchasing 19,294 shares. Furthermore, PNC Financial Services Group Inc. increased its holdings by 46.5%, now owning 10,412 shares valued at $441,000.

Hedge funds and institutional investors collectively hold 53.42% of the iShares MSCI Germany ETF’s stock, demonstrating strong interest in this investment vehicle.

iShares MSCI Germany ETF Performance and Overview

As of the latest trading session, shares of the iShares MSCI Germany ETF opened at $39.47. The ETF boasts a market capitalization of $1.93 billion and features a price-to-earnings ratio of 17.79, with a beta of 1.03. The ETF’s performance metrics include a 50-day moving average of $41.18 and a 200-day moving average of $41.59. Over the past year, the ETF has experienced a low of $31.48 and a high of $43.31.

The iShares MSCI Germany ETF, previously known as the iShares MSCI Germany Index Fund, aims to provide results that closely match the performance of publicly traded securities in the German market, based on the MSCI Germany Index.

For those interested in tracking institutional holdings of the iShares MSCI Germany ETF, detailed information is available at HoldingsChannel.com, which provides the latest 13F filings and insider trades.

Investors are keenly observing these shifts in holdings as they reflect broader trends in the market, particularly concerning the German economy and its potential for growth.