Bank of New York Mellon Corp Cuts Position in iShares MSCI United Kingdom ETF (NYSEARCA:EWU)

Bank of New York Mellon Corp decreased its holdings in iShares MSCI United Kingdom ETF (NYSEARCA:EWU) by 36.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 71,438 shares of the company’s stock after selling 40,500 shares during the period. Bank of New York Mellon Corp owned approximately 0.08% of iShares MSCI United Kingdom ETF worth $2,677,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EWU. Bessemer Group Inc. purchased a new stake in shares of iShares MSCI United Kingdom ETF during the fourth quarter valued at approximately $25,000. Orion Capital Management LLC purchased a new stake in shares of iShares MSCI United Kingdom ETF during the fourth quarter valued at approximately $27,000. Wayfinding Financial LLC purchased a new stake in shares of iShares MSCI United Kingdom ETF during the first quarter valued at approximately $34,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of iShares MSCI United Kingdom ETF during the first quarter valued at approximately $55,000. Finally, Curat Global LLC purchased a new stake in shares of iShares MSCI United Kingdom ETF during the first quarter valued at approximately $100,000. Hedge funds and other institutional investors own 58.38% of the company’s stock.

iShares MSCI United Kingdom ETF Trading Down 0.3%

Shares of NYSEARCA:EWU opened at $40.64 on Monday. The company has a fifty day simple moving average of $39.88 and a 200 day simple moving average of $37.76. The firm has a market cap of $3.04 billion, a PE ratio of 15.42 and a beta of 0.83. iShares MSCI United Kingdom ETF has a 12-month low of $32.76 and a 12-month high of $41.00.

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.