Mount Lucas Management LP has reduced its holdings in the iShares MSCI United Kingdom ETF (NYSEARCA: EWU) by 7.0% during the second quarter of 2023, as reported in its latest filing with the Securities and Exchange Commission. Following the sale of 1,470 shares, the firm now owns 19,653 shares of the ETF, valued at approximately $781,000.
Several other institutional investors have also adjusted their positions in the iShares MSCI United Kingdom ETF recently. Signaturefd LLC increased its stake by 1.6%, now holding 17,885 shares worth around $710,000 after acquiring an additional 284 shares in the last quarter. Similarly, Invesco Ltd. lifted its position by 1.4%, owning 22,659 shares valued at $849,000 after purchasing 312 shares.
In addition, ABC Arbitrage SA grew its stake by 1.0% during the same period, now owning 32,419 shares valued at $1,288,000. Truist Financial Corp raised its holdings in the ETF by 5.0%, resulting in 7,559 shares worth $300,000 after acquiring an extra 363 shares. Furthermore, Bank of Montreal Can increased its stake by 13.5%, now owning 3,600 shares valued at $143,000.
As of now, hedge funds and other institutional investors collectively hold 58.38% of the company’s stock.
Current Performance of iShares MSCI UK ETF
Shares of the iShares MSCI United Kingdom ETF opened at $42.77 on Monday. The ETF has a market capitalization of $2.72 billion and a price-to-earnings ratio of 15.42, with a beta of 0.71. The company’s fifty-day moving average stands at $42.26, while the 200-day moving average is $40.84. Over the past year, the ETF has seen a low of $32.76 and a high of $43.72.
Overview of iShares MSCI UK ETF
The iShares MSCI United Kingdom ETF (EWU) is designed to track the MSCI United Kingdom Index, which includes a market cap-weighted selection of British companies. The fund encompasses the top 85% of British companies by market capitalization. Launched on March 12, 1996, the ETF is managed by BlackRock.
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