iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Sees Strong Trading Volume

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) shares saw strong trading volume on Wednesday . 2,867,306 shares traded hands during mid-day trading, an increase of 35% from the previous session’s volume of 2,130,139 shares.The stock last traded at $33.31 and had previously closed at $33.21.

iShares MSCI United Kingdom ETF Price Performance

The firm has a 50-day simple moving average of $33.35 and a 200 day simple moving average of $32.53. The company has a market capitalization of $2.61 billion, a PE ratio of 12.50 and a beta of 0.68.

Hedge Funds Weigh In On iShares MSCI United Kingdom ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Orion Capital Management LLC acquired a new position in iShares MSCI United Kingdom ETF in the 4th quarter worth $26,000. Steward Partners Investment Advisory LLC boosted its holdings in iShares MSCI United Kingdom ETF by 91.9% in the first quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company’s stock valued at $31,000 after purchasing an additional 465 shares during the last quarter. Advisors Preferred LLC acquired a new stake in iShares MSCI United Kingdom ETF during the 4th quarter valued at approximately $44,000. Tower Research Capital LLC TRC purchased a new stake in iShares MSCI United Kingdom ETF during the 2nd quarter worth approximately $51,000. Finally, Cornerstone Planning Group LLC purchased a new stake in iShares MSCI United Kingdom ETF during the 2nd quarter worth approximately $53,000.

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.