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

iShares MSCI France ETF (NYSEARCA:EWQ) saw unusually-high trading volume on Monday . Approximately 873,070 shares traded hands during mid-day trading, an increase of 117% from the previous session’s volume of 402,943 shares.The stock last traded at $38.82 and had previously closed at $38.63.

iShares MSCI France ETF Price Performance

The company has a fifty day moving average of $37.05 and a 200-day moving average of $37.92. The firm has a market capitalization of $617.92 million, a PE ratio of 17.50 and a beta of 0.85.

Hedge Funds Weigh In On iShares MSCI France ETF

Several hedge funds have recently bought and sold shares of EWQ. OLD Mission Capital LLC boosted its position in iShares MSCI France ETF by 759.8% during the fourth quarter. OLD Mission Capital LLC now owns 63,152 shares of the exchange traded fund’s stock worth $2,266,000 after purchasing an additional 55,807 shares during the period. Schroder Investment Management Group bought a new stake in shares of iShares MSCI France ETF during the 4th quarter worth $736,000. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of iShares MSCI France ETF by 189.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 33,868 shares of the exchange traded fund’s stock worth $1,264,000 after buying an additional 22,149 shares during the period. Millburn Ridgefield Corp grew its stake in iShares MSCI France ETF by 15.3% in the 4th quarter. Millburn Ridgefield Corp now owns 270,155 shares of the exchange traded fund’s stock valued at $9,693,000 after buying an additional 35,933 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. bought a new position in iShares MSCI France ETF in the 4th quarter worth $775,000.

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.