iShares MSCI France ETF (NYSEARCA:EWQ) Shares Cross Above 50 Day Moving Average – Here’s Why

iShares MSCI France ETF (NYSEARCA:EWQ) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $44.42 and traded as high as $45.06. iShares MSCI France ETF shares last traded at $44.94, with a volume of 370,646 shares trading hands.

iShares MSCI France ETF Price Performance

The company’s fifty day simple moving average is $44.42 and its 200-day simple moving average is $43.53. The firm has a market capitalization of $413.45 million, a PE ratio of 17.82 and a beta of 0.98.

Institutional Investors Weigh In On iShares MSCI France ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EWQ. Bank of America Corp DE lifted its position in iShares MSCI France ETF by 392.7% during the 3rd quarter. Bank of America Corp DE now owns 783,676 shares of the exchange traded fund’s stock worth $34,427,000 after acquiring an additional 624,621 shares during the period. Flow Traders U.S. LLC raised its stake in shares of iShares MSCI France ETF by 30.6% in the first quarter. Flow Traders U.S. LLC now owns 1,432,960 shares of the exchange traded fund’s stock worth $57,032,000 after purchasing an additional 335,966 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of iShares MSCI France ETF in the first quarter worth about $7,624,000. Ameriprise Financial Inc. lifted its holdings in shares of iShares MSCI France ETF by 21.0% during the second quarter. Ameriprise Financial Inc. now owns 903,597 shares of the exchange traded fund’s stock worth $38,678,000 after purchasing an additional 156,555 shares during the period. Finally, Thrivent Financial for Lutherans purchased a new stake in iShares MSCI France ETF in the third quarter valued at approximately $6,634,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI France ETF Company Profile

iShares MSCI France ETF, formerly iShares MSCI France Index 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 French market, as measured by the MSCI France Index (the Index). The Index seeks to measure the performance of the French equity market.