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

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) shares saw unusually-high trading volume on Monday . Approximately 588,751 shares changed hands during mid-day 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 Trading Down 0.6 %

The firm’s 50 day simple moving average is $34.86 and its 200-day simple moving average is $35.81. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 12.86 and a beta of 0.68.

Institutional Investors Weigh In On iShares MSCI United Kingdom ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Whittier Trust Co. increased its stake in iShares MSCI United Kingdom ETF by 83.2% in the 3rd quarter. Whittier Trust Co. now owns 1,832 shares of the company’s stock valued at $69,000 after buying an additional 832 shares during the last quarter. Toronto Dominion Bank grew its position in shares of iShares MSCI United Kingdom ETF by 75,000.0% in the 2nd quarter. Toronto Dominion Bank now owns 3,004 shares of the company’s stock valued at $105,000 after acquiring an additional 3,000 shares during the period. FMR LLC grew its position in shares of iShares MSCI United Kingdom ETF by 16.8% in the 3rd quarter. FMR LLC now owns 4,195 shares of the company’s stock valued at $157,000 after acquiring an additional 602 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of iShares MSCI United Kingdom ETF in the 3rd quarter valued at about $201,000. Finally, Lunt Capital Management Inc. bought a new position in shares of iShares MSCI United Kingdom ETF in the 3rd quarter valued at about $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.