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

Shares of iShares MSCI United Kingdom ETF (NYSEARCA:EWU) saw unusually-strong trading volume on Friday . Approximately 2,551,223 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 1,444,231 shares.The stock last traded at $36.60 and had previously closed at $36.58.

iShares MSCI United Kingdom ETF Stock Performance

The company has a market capitalization of $2.85 billion, a PE ratio of 12.86 and a beta of 0.68. The company’s 50-day moving average is $36.74 and its 200 day moving average is $35.78.

Institutional Investors Weigh In On iShares MSCI United Kingdom ETF

A number of institutional investors have recently made changes to their positions in EWU. Lynx Investment Advisory purchased a new stake in iShares MSCI United Kingdom ETF in the second quarter worth approximately $30,000. Private Ocean LLC purchased a new position in shares of iShares MSCI United Kingdom ETF in the 2nd quarter worth $52,000. Syntrinsic LLC boosted its stake in shares of iShares MSCI United Kingdom ETF by 37.0% in the 2nd quarter. Syntrinsic LLC now owns 1,885 shares of the company’s stock worth $66,000 after buying an additional 509 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of iShares MSCI United Kingdom ETF by 75,000.0% in the second 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 period. Finally, O Shaughnessy Asset Management LLC increased its position in iShares MSCI United Kingdom ETF by 344.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,721 shares of the company’s stock valued at $162,000 after acquiring an additional 3,659 shares during 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.