iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Stock Cross Above 50 Day Moving Average – Time to Sell?

Shares of iShares MSCI United Kingdom ETF (NYSEARCA:EWU) crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $47.58 and traded as high as $47.78. iShares MSCI United Kingdom ETF shares last traded at $47.70, with a volume of 2,532,396 shares traded.

iShares MSCI United Kingdom ETF Stock Up 0.9%

The firm’s 50-day moving average price is $47.58 and its 200 day moving average price is $46.94. The company has a market capitalization of $3.73 billion, a P/E ratio of 15.42 and a beta of 0.59.

Hedge Funds Weigh In On iShares MSCI United Kingdom ETF

A number of hedge funds have recently added to or reduced their stakes in EWU. Royal Bank of Canada increased its holdings in iShares MSCI United Kingdom ETF by 117.2% during the 1st quarter. Royal Bank of Canada now owns 4,707,428 shares of the company’s stock worth $214,472,000 after purchasing an additional 2,539,863 shares in the last quarter. Lido Advisors LLC boosted its position in shares of iShares MSCI United Kingdom ETF by 157.2% during the first quarter. Lido Advisors LLC now owns 661,451 shares of the company’s stock valued at $30,136,000 after buying an additional 404,254 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in shares of iShares MSCI United Kingdom ETF during the third quarter valued at approximately $12,586,000. Evergreen Capital Management LLC bought a new stake in iShares MSCI United Kingdom ETF during the third quarter worth $4,673,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in iShares MSCI United Kingdom ETF during the third quarter worth $4,653,000. Institutional investors and hedge funds own 58.38% of the company’s stock.

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.