iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares MSCI United Kingdom ETF (NYSEARCA:EWU) saw unusually-strong trading volume on Monday . Approximately 588,751 shares changed hands during trading, a decline of 50% from the previous session’s volume of 1,174,095 shares.The stock last traded at $33.20 and had previously closed at $33.49.

iShares MSCI United Kingdom ETF Price Performance

The business’s 50-day moving average price is $34.86 and its two-hundred day moving average price is $35.81. The company has a market capitalization of $2.60 billion, a P/E ratio of 12.86 and a beta of 0.68.

Hedge Funds Weigh In On iShares MSCI United Kingdom ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Whittier Trust Co. raised its holdings in shares of iShares MSCI United Kingdom ETF by 83.2% during the third quarter. Whittier Trust Co. now owns 1,832 shares of the company’s stock worth $69,000 after acquiring an additional 832 shares during the period. Toronto Dominion Bank raised its holdings in shares of iShares MSCI United Kingdom ETF by 75,000.0% during the second quarter. Toronto Dominion Bank now owns 3,004 shares of the company’s stock worth $105,000 after acquiring an additional 3,000 shares during the period. FMR LLC raised its holdings in shares of iShares MSCI United Kingdom ETF by 16.8% during the third quarter. FMR LLC now owns 4,195 shares of the company’s stock worth $157,000 after acquiring an additional 602 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of iShares MSCI United Kingdom ETF during the third quarter worth $201,000. Finally, Lunt Capital Management Inc. acquired a new stake in shares of iShares MSCI United Kingdom ETF during the third quarter worth $204,000.

iShares MSCI United Kingdom ETF Company Profile

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.