iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Sees Large Volume Increase – Time to Buy?

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) saw strong trading volume on Monday . 588,751 shares traded 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 Stock Performance

The firm has a market cap of $2.60 billion, a PE ratio of 12.86 and a beta of 0.68. The stock has a 50 day simple moving average of $34.76 and a two-hundred day simple moving average of $35.79.

Institutional Investors Weigh In On iShares MSCI United Kingdom ETF

Several hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. raised its holdings 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 worth $69,000 after purchasing an additional 832 shares during the period. Toronto Dominion Bank raised its stake in shares of iShares MSCI United Kingdom ETF by 75,000.0% during the 2nd 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. FMR LLC lifted its position in shares of iShares MSCI United Kingdom ETF by 16.8% during the 3rd quarter. FMR LLC now owns 4,195 shares of the company’s stock valued at $157,000 after buying an additional 602 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in iShares MSCI United Kingdom ETF in the 3rd quarter valued at $201,000. Finally, Lunt Capital Management Inc. purchased a new stake in iShares MSCI United Kingdom ETF in the 3rd quarter worth $204,000.

About iShares MSCI United Kingdom ETF

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.