iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Sees Unusually-High Trading Volume

Shares of iShares MSCI United Kingdom ETF (NYSEARCA:EWU) saw unusually-strong trading volume on Thursday . Approximately 6,263,067 shares changed hands during trading, an increase of 231% from the previous session’s volume of 1,894,798 shares.The stock last traded at $34.24 and had previously closed at $34.09.

iShares MSCI United Kingdom ETF Stock Performance

The firm has a 50-day moving average of $32.89 and a 200-day moving average of $32.33. The firm has a market capitalization of $2.95 billion, a P/E ratio of 13.02 and a beta of 0.83.

Institutional Investors Weigh In On iShares MSCI United Kingdom ETF

Several institutional investors and hedge funds have recently bought and sold shares of EWU. Bank of New York Mellon Corp lifted its holdings in iShares MSCI United Kingdom ETF by 309.6% in the 1st quarter. Bank of New York Mellon Corp now owns 61,163 shares of the company’s stock worth $2,058,000 after buying an additional 46,230 shares during the period. PNC Financial Services Group Inc. lifted its holdings in iShares MSCI United Kingdom ETF by 14.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 25,435 shares of the company’s stock worth $856,000 after buying an additional 3,178 shares during the period. Bank of Montreal Can lifted its stake in shares of iShares MSCI United Kingdom ETF by 3.9% in the 1st quarter. Bank of Montreal Can now owns 151,249 shares of the company’s stock valued at $5,157,000 after purchasing an additional 5,653 shares during the period. BlackRock Inc. boosted its position in shares of iShares MSCI United Kingdom ETF by 3.1% during the first quarter. BlackRock Inc. now owns 1,158,217 shares of the company’s stock valued at $38,962,000 after purchasing an additional 34,341 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in shares of iShares MSCI United Kingdom ETF by 7.2% during the first quarter. Blair William & Co. IL now owns 127,032 shares of the company’s stock valued at $4,273,000 after purchasing an additional 8,559 shares in the last quarter.

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.