iShares MSCI France ETF (NYSEARCA:EWQ) Sees Strong 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 Up 2.3 %

The company has a market cap of $578.29 million, a P/E ratio of 17.50 and a beta of 0.85. The firm’s 50-day moving average price is $36.21 and its 200-day moving average price is $37.95.

Institutional Investors Weigh In On iShares MSCI France ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EWQ. Headlands Technologies LLC bought a new stake in shares of iShares MSCI France ETF during the second quarter valued at about $26,000. Ashton Thomas Private Wealth LLC purchased a new position in iShares MSCI France ETF during the second quarter valued at approximately $27,000. Pictet North America Advisors SA increased its holdings in iShares MSCI France ETF by 0.6% during the 3rd quarter. Pictet North America Advisors SA now owns 185,431 shares of the exchange traded fund’s stock worth $7,491,000 after acquiring an additional 1,051 shares during the period. Zacks Investment Management increased its holdings in iShares MSCI France ETF by 3.0% during the 3rd quarter. Zacks Investment Management now owns 56,830 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 1,659 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in iShares MSCI France ETF by 27.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,777 shares of the exchange traded fund’s stock worth $294,000 after purchasing an additional 1,667 shares in 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.