UBS Group AG Trims Position in Global X MSCI Greece ETF $GREK

UBS Group AG cut its holdings in shares of Global X MSCI Greece ETF (NYSEARCA:GREK) by 41.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 90,113 shares of the exchange traded fund’s stock after selling 63,367 shares during the quarter. UBS Group AG’s holdings in Global X MSCI Greece ETF were worth $5,939,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Triumph Capital Management bought a new stake in shares of Global X MSCI Greece ETF during the third quarter valued at approximately $59,000. IFP Advisors Inc bought a new stake in shares of Global X MSCI Greece ETF during the third quarter valued at approximately $80,000. Bank of America Corp DE boosted its position in shares of Global X MSCI Greece ETF by 264.6% during the second quarter. Bank of America Corp DE now owns 1,688 shares of the exchange traded fund’s stock valued at $98,000 after purchasing an additional 1,225 shares in the last quarter. Wexford Capital LP bought a new stake in shares of Global X MSCI Greece ETF during the third quarter valued at approximately $110,000. Finally, Riggs Asset Managment Co. Inc. bought a new stake in shares of Global X MSCI Greece ETF during the second quarter valued at approximately $134,000.

Global X MSCI Greece ETF Stock Up 3.5%

NYSEARCA GREK opened at $70.40 on Thursday. Global X MSCI Greece ETF has a twelve month low of $52.25 and a twelve month high of $77.26. The firm has a market capitalization of $261.89 million, a PE ratio of 10.65 and a beta of 0.70. The stock’s 50 day moving average is $68.11 and its 200 day moving average is $68.27.

Global X MSCI Greece ETF Profile

The Global X MSCI Greece ETF (GREK) is an exchange-traded fund that is based on the MSCI All Greece Select 25-50 index, a market-cap-weighted index of about 15 Greek firms. GREK was launched on Dec 7, 2011 and is managed by Global X.