iShares MSCI France ETF (NYSEARCA:EWQ) Sets New 12-Month Low – What’s Next?

iShares MSCI France ETF (NYSEARCA:EWQ)’s share price reached a new 52-week low on Tuesday . The company traded as low as $35.61 and last traded at $35.61, with a volume of 604180 shares trading hands. The stock had previously closed at $35.93.

iShares MSCI France ETF Stock Down 0.8 %

The stock has a fifty day moving average of $38.43 and a two-hundred day moving average of $39.10. The stock has a market cap of $555.83 million, a price-to-earnings ratio of 17.50 and a beta of 0.85.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI France ETF in the 3rd quarter worth about $15,759,000. Pictet North America Advisors SA raised its holdings in shares of iShares MSCI France ETF by 186.5% in the second quarter. Pictet North America Advisors SA now owns 184,380 shares of the exchange traded fund’s stock worth $6,966,000 after acquiring an additional 120,016 shares during the last quarter. Idaho Trust Bank purchased a new stake in shares of iShares MSCI France ETF in the second quarter valued at $2,070,000. Marshall Wace LLP acquired a new position in shares of iShares MSCI France ETF in the second quarter valued at approximately $1,071,000. Finally, CX Institutional raised its holdings in iShares MSCI France ETF by 7.4% in the 3rd quarter. CX Institutional now owns 393,613 shares of the exchange traded fund’s stock valued at $15,902,000 after acquiring an additional 27,137 shares during the last quarter.

About iShares MSCI France ETF

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.