iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Sees Strong Trading Volume – Here’s Why

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) shares saw unusually-strong trading volume on Wednesday . Approximately 4,030,956 shares traded hands during mid-day trading, an increase of 191% from the previous session’s volume of 1,386,209 shares.The stock last traded at $35.91 and had previously closed at $35.88.

iShares MSCI United Kingdom ETF Stock Down 0.6 %

The stock’s 50-day moving average price is $36.00 and its 200 day moving average price is $36.05. The firm has a market capitalization of $2.80 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 have recently modified their holdings of the company. Private Ocean LLC purchased a new position in iShares MSCI United Kingdom ETF during the second quarter worth about $52,000. Syntrinsic LLC boosted its stake in iShares MSCI United Kingdom ETF by 37.0% during the second quarter. Syntrinsic LLC now owns 1,885 shares of the company’s stock worth $66,000 after buying an additional 509 shares during the period. Whittier Trust Co. boosted its stake in 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 buying an additional 832 shares during the period. Toronto Dominion Bank boosted its stake in 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 buying an additional 3,000 shares during the period. Finally, FMR LLC boosted its stake in 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 buying an additional 602 shares during the period.

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.