iShares MSCI France ETF (NYSEARCA:EWQ) Reaches New 52-Week Low – Should You Sell?

iShares MSCI France ETF (NYSEARCA:EWQ)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $36.07 and last traded at $36.07, with a volume of 26610 shares trading hands. The stock had previously closed at $36.39.

iShares MSCI France ETF Stock Performance

The firm’s 50 day moving average price is $39.00 and its two-hundred day moving average price is $39.42. The company has a market cap of $564.41 million, a P/E ratio of 17.50 and a beta of 0.85.

Hedge Funds Weigh In On iShares MSCI France ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in iShares MSCI France ETF by 3.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 76,986 shares of the exchange traded fund’s stock valued at $3,110,000 after acquiring an additional 2,575 shares during the period. Dai ichi Life Holdings Inc. grew its holdings in shares of iShares MSCI France ETF by 10.4% during the third quarter. Dai ichi Life Holdings Inc. now owns 27,600 shares of the exchange traded fund’s stock worth $1,124,000 after purchasing an additional 2,600 shares in the last quarter. Mount Lucas Management LP boosted its stake in iShares MSCI France ETF by 9.9% in the third quarter. Mount Lucas Management LP now owns 19,041 shares of the exchange traded fund’s stock worth $769,000 after buying an additional 1,712 shares in the last quarter. Spectrum Asset Management Inc. NB CA purchased a new stake in iShares MSCI France ETF in the third quarter worth approximately $737,000. Finally, Pictet North America Advisors SA boosted its stake in iShares MSCI France ETF by 0.6% in the third quarter. Pictet North America Advisors SA now owns 185,431 shares of the exchange traded fund’s stock worth $7,491,000 after buying an additional 1,051 shares in 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.