iShares MSCI France ETF (NYSEARCA:EWQ) Sees Unusually-High Trading Volume – Still a Buy?

iShares MSCI France ETF (NYSEARCA:EWQ) saw strong trading volume on Tuesday . 1,012,438 shares were traded during mid-day trading, an increase of 124% from the previous session’s volume of 451,967 shares.The stock last traded at $36.02 and had previously closed at $35.82.

iShares MSCI France ETF Stock Performance

The stock has a market cap of $578.29 million, a P/E ratio of 17.50 and a beta of 0.85. The business has a 50 day simple moving average of $36.21 and a 200-day simple moving average of $37.95.

Institutional Trading of iShares MSCI France ETF

Large investors have recently added to or reduced their stakes in the stock. Boltwood Capital Management increased its stake in shares of iShares MSCI France ETF by 51.5% during the 4th quarter. Boltwood Capital Management now owns 7,800 shares of the exchange traded fund’s stock worth $280,000 after purchasing an additional 2,650 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in iShares MSCI France ETF in the second quarter worth $264,000. The Manufacturers Life Insurance Company raised its stake in shares of iShares MSCI France ETF by 3.5% in the third quarter. The Manufacturers Life Insurance Company now owns 76,986 shares of the exchange traded fund’s stock valued at $3,110,000 after buying an additional 2,575 shares during the period. Bank of New York Mellon Corp raised its stake in shares of iShares MSCI France ETF by 27.3% in the second quarter. Bank of New York Mellon Corp now owns 7,777 shares of the exchange traded fund’s stock valued at $294,000 after buying an additional 1,667 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of iShares MSCI France ETF by 2.1% during the 3rd quarter. HighTower Advisors LLC now owns 222,018 shares of the exchange traded fund’s stock valued at $8,973,000 after buying an additional 4,606 shares during the last quarter.

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.