iShares MSCI France ETF (NYSEARCA:EWQ) Share Price Pass Above 50 Day Moving Average – Should You Sell?

iShares MSCI France ETF (NYSEARCA:EWQ)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $44.54 and traded as high as $45.03. iShares MSCI France ETF shares last traded at $44.98, with a volume of 216,063 shares.

iShares MSCI France ETF Stock Performance

The firm has a market cap of $414.78 million, a price-to-earnings ratio of 17.82 and a beta of 0.98. The stock’s fifty day moving average is $44.54 and its two-hundred day moving average is $43.61.

Hedge Funds Weigh In On iShares MSCI France ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank increased its holdings in shares of iShares MSCI France ETF by 54.9% during the first quarter. Comerica Bank now owns 1,182 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 419 shares during the period. Vontobel Holding Ltd. increased its position in shares of iShares MSCI France ETF by 0.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 55,335 shares of the exchange traded fund’s stock valued at $2,431,000 after purchasing an additional 475 shares during the period. BNP Paribas Financial Markets raised its stake in shares of iShares MSCI France ETF by 106.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 949 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 489 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of iShares MSCI France ETF by 3.6% in the second quarter. Envestnet Asset Management Inc. now owns 15,240 shares of the exchange traded fund’s stock valued at $652,000 after buying an additional 531 shares during the period. Finally, Raymond James Financial Inc. bought a new position in iShares MSCI France ETF during the second quarter valued at about $30,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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. The Index consists of stocks traded primarily on the Paris Stock Exchange. The Fund invests in sectors, such as industrials, financials, energy, consumer discretionary, consumer staples, healthcare, materials, telecommunication services, utilities and information technology.