iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Sees Large Volume Increase – Here’s What Happened

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) shares saw unusually-strong trading volume on Monday . Approximately 3,507,164 shares traded hands during trading, an increase of 166% from the previous session’s volume of 1,320,926 shares.The stock last traded at $36.03 and had previously closed at $35.57.

iShares MSCI United Kingdom ETF Trading Up 1.6 %

The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 17.91 and a beta of 0.67. The firm’s 50-day moving average is $36.65 and its 200-day moving average is $35.81.

Hedge Funds Weigh In On iShares MSCI United Kingdom ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC lifted its position 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 valued at $157,000 after purchasing an additional 602 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of iShares MSCI United Kingdom ETF by 101.9% during the 3rd quarter. Stifel Financial Corp now owns 26,049 shares of the company’s stock worth $974,000 after acquiring an additional 13,145 shares during the last quarter. Assetmark Inc. grew its position in iShares MSCI United Kingdom ETF by 320.6% in the fourth quarter. Assetmark Inc. now owns 3,529 shares of the company’s stock worth $120,000 after acquiring an additional 2,690 shares in the last quarter. Acima Private Wealth LLC grew its position in iShares MSCI United Kingdom ETF by 85.1% in the fourth quarter. Acima Private Wealth LLC now owns 41,626 shares of the company’s stock worth $1,411,000 after acquiring an additional 19,132 shares in the last quarter. Finally, Climber Capital SA bought a new position in iShares MSCI United Kingdom ETF in the fourth quarter valued at $625,000.

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.