Royal Bank of Canada Purchases 2,539,863 Shares of iShares MSCI United Kingdom ETF $EWU

Royal Bank of Canada increased its position in shares of iShares MSCI United Kingdom ETF (NYSEARCA:EWU) by 117.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,707,428 shares of the company’s stock after purchasing an additional 2,539,863 shares during the quarter. Royal Bank of Canada owned approximately 6.39% of iShares MSCI United Kingdom ETF worth $214,472,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in iShares MSCI United Kingdom ETF during the first quarter worth about $1,053,000. Ashford Capital Management Inc. boosted its holdings in shares of iShares MSCI United Kingdom ETF by 48.0% in the 1st quarter. Ashford Capital Management Inc. now owns 6,843 shares of the company’s stock worth $312,000 after acquiring an additional 2,219 shares in the last quarter. Mittelman Wealth Management grew its position in iShares MSCI United Kingdom ETF by 5.9% during the 1st quarter. Mittelman Wealth Management now owns 46,550 shares of the company’s stock worth $2,121,000 after acquiring an additional 2,585 shares during the last quarter. Waverly Advisors LLC grew its position in iShares MSCI United Kingdom ETF by 1.2% during the 1st quarter. Waverly Advisors LLC now owns 80,570 shares of the company’s stock worth $3,671,000 after acquiring an additional 979 shares during the last quarter. Finally, Group One Trading LLC acquired a new stake in iShares MSCI United Kingdom ETF during the 1st quarter valued at $670,000. 58.38% of the stock is owned by institutional investors.

iShares MSCI United Kingdom ETF Stock Performance

Shares of EWU opened at $47.90 on Thursday. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 15.42 and a beta of 0.59. The stock has a fifty day moving average price of $46.62 and a two-hundred day moving average price of $46.52. iShares MSCI United Kingdom ETF has a 52-week low of $39.60 and a 52-week high of $48.92.

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.