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

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) shares saw unusually-strong trading volume on Friday . Approximately 5,419,937 shares were traded during mid-day trading, an increase of 282% from the previous session’s volume of 1,420,254 shares.The stock last traded at $35.72 and had previously closed at $35.55.

iShares MSCI United Kingdom ETF Stock Performance

The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 12.86 and a beta of 0.68. The firm’s 50-day simple moving average is $36.90 and its two-hundred day simple moving average is $35.99.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Lynx Investment Advisory bought a new position in iShares MSCI United Kingdom ETF during the 2nd quarter worth approximately $30,000. Private Ocean LLC bought a new position in iShares MSCI United Kingdom ETF during the 2nd quarter worth approximately $52,000. Whittier Trust Co. boosted its stake in iShares MSCI United Kingdom ETF by 83.2% during the 3rd quarter. Whittier Trust Co. now owns 1,832 shares of the company’s stock worth $69,000 after acquiring an additional 832 shares during the last quarter. Syntrinsic LLC boosted its stake in iShares MSCI United Kingdom ETF by 37.0% during the 2nd quarter. Syntrinsic LLC now owns 1,885 shares of the company’s stock worth $66,000 after acquiring an additional 509 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in 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 acquiring an additional 3,000 shares during the last quarter.

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.