iShares MSCI France ETF (NYSEARCA:EWQ) Sets New 1-Year Low – Time to Sell?

iShares MSCI France ETF (NYSEARCA:EWQ)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $35.47 and last traded at $35.58, with a volume of 325532 shares trading hands. The stock had previously closed at $36.32.

iShares MSCI France ETF Price Performance

The company has a market capitalization of $555.98 million, a price-to-earnings ratio of 17.50 and a beta of 0.85. The firm has a fifty day simple moving average of $37.21 and a 200 day simple moving average of $38.44.

Hedge Funds Weigh In On iShares MSCI France ETF

Large investors have recently added to or reduced their stakes in the stock. Pictet North America Advisors SA boosted its stake 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. Catalyst Capital Advisors LLC grew its holdings in shares of iShares MSCI France ETF by 12.7% during the second quarter. Catalyst Capital Advisors LLC now owns 235,268 shares of the exchange traded fund’s stock worth $8,888,000 after buying an additional 26,478 shares in the last quarter. Bank of New York Mellon Corp raised its position 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 last quarter. Nilsine Partners LLC lifted its stake in shares of iShares MSCI France ETF by 1.3% in the second quarter. Nilsine Partners LLC now owns 50,965 shares of the exchange traded fund’s stock worth $1,925,000 after buying an additional 642 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in iShares MSCI France ETF by 8.2% during the second quarter. Rhumbline Advisers now owns 36,230 shares of the exchange traded fund’s stock worth $1,369,000 after acquiring an additional 2,760 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.