iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Reaches New 12-Month Low – Should You Sell?

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) reached a new 52-week low during trading on Monday . The stock traded as low as $32.99 and last traded at $33.16, with a volume of 1445446 shares trading hands. The stock had previously closed at $34.62.

iShares MSCI United Kingdom ETF Stock Performance

The company’s 50-day simple moving average is $36.77 and its 200 day simple moving average is $35.92. The company has a market cap of $2.87 billion, a PE ratio of 17.91 and a beta of 0.67.

Institutional Investors Weigh In On iShares MSCI United Kingdom ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its position in iShares MSCI United Kingdom ETF by 18.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,817 shares of the company’s stock valued at $106,000 after acquiring an additional 430 shares during the last quarter. GTS Securities LLC lifted its stake in iShares MSCI United Kingdom ETF by 54,069.0% in the fourth quarter. GTS Securities LLC now owns 53,969 shares of the company’s stock valued at $1,830,000 after buying an additional 54,069 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of iShares MSCI United Kingdom ETF in the fourth quarter valued at approximately $27,000. Vivaldi Capital Management LP acquired a new position in shares of iShares MSCI United Kingdom ETF in the 4th quarter valued at $335,000. Finally, Royal Bank of Canada raised its position in iShares MSCI United Kingdom ETF by 20.8% in the 4th quarter. Royal Bank of Canada now owns 401,819 shares of the company’s stock valued at $13,621,000 after purchasing an additional 69,108 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.