Hsbc Holdings PLC Sells 487,214 Shares of iShares MSCI Germany ETF (NYSEARCA:EWG)

Hsbc Holdings PLC trimmed its position in shares of iShares MSCI Germany ETF (NYSEARCA:EWG – Get Rating) by 85.3% during the 3rd quarter, Holdings Channel reports. The firm owned 83,840 shares of the exchange traded fund’s stock after selling 487,214 shares during the period. Hsbc Holdings PLC’s holdings in iShares MSCI Germany ETF were worth $1,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EWG. Zions Bancorporation N.A. bought a new stake in shares of iShares MSCI Germany ETF during the 1st quarter valued at $31,000. Bessemer Group Inc. bought a new stake in iShares MSCI Germany ETF in the 3rd quarter valued at $32,000. Advisors Preferred LLC bought a new stake in iShares MSCI Germany ETF in the 3rd quarter valued at $33,000. WestEnd Advisors LLC increased its holdings in iShares MSCI Germany ETF by 50.5% in the 3rd quarter. WestEnd Advisors LLC now owns 1,774 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 595 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new stake in iShares MSCI Germany ETF in the 2nd quarter valued at $46,000.

iShares MSCI Germany ETF Trading Down 0.7 %

Shares of NYSEARCA EWG opened at $27.29 on Wednesday. The firm’s fifty day moving average is $27.07 and its two-hundred day moving average is $24.18. iShares MSCI Germany ETF has a 52-week low of $19.35 and a 52-week high of $29.83.

About iShares MSCI Germany ETF

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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).