This Germany-Focused ETF Just Hit A New 52-Week High

Investors looking for ETFs with rising momentum should begin to consider the iShares MSCI Germany Index Fund (EWG). This product just hit a new 52-week high of $27.22 today, and is now up 20.92% from its 52-week low price of $22.51 per share.

Will this ETF continue its string of recent wins? Let’s take a closer look at the fund, its recent gains, the category it resides in, and its ratings and outlook to get a sense of whether its momentum is sustainable or not.

Inside EWG’s Rise

As mentioned earlier, EWG has now gained 20.92% from its 52-week low, which was hit back on June 27, 2016. The fund has now returned 4.05% over the past month, 4.82% over the past three months, and 9.68% in the past six months. Those returns compare to the benchmark S&P 500 index’s 0.54%, 6.21%, and 5.76% returns in the same periods, respectively.

EWG currently sits above its 10-day, 20-day, 50-day, 100-day, and 200-day moving averages (MAs), which from a technical standpoint suggests a very strong possibility that the recent gains can continue. That’s because the shares have no short-term overhead resistance to bump up against.

A Look Under The Hood

iShares MSCI Germany Index Fund is a Equity-focused product issued by BlackRock. Its expense ratio of 0.48% makes it the #33 cheapest ETF among 89 total funds in the European Equities ETFs category.

EWG currently boasts $3.94B in assets under management (AUM), placing it #5 of 89 ETFs in its category, and #117 of 1920 total ETFs in the U.S. exchange traded universe.

The investment objective of the iShares MSCI Germany Index Fund ETF seeks to track the investment results of an index composed of German equities.

EWG SMART Grade: More Gains Ahead?

EWG currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #5 of 93 funds in the European Equities ETFs category.

A SMART Grade of A suggests very strong future price growth potential, so it’s reasonable to expect even more gains ahead.

For more information about this ETF, including full ratings, news, data, and more, please visit EWG’s ticker page.

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