JPMorgan Chase & Co. Cuts Stock Holdings in iShares MSCI United Kingdom ETF $EWU

JPMorgan Chase & Co. decreased its position in iShares MSCI United Kingdom ETF (NYSEARCA:EWU) by 11.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 567,032 shares of the company’s stock after selling 74,684 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares MSCI United Kingdom ETF were worth $22,523,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Founders Financial Alliance LLC bought a new stake in iShares MSCI United Kingdom ETF in the 1st quarter worth about $50,000. Simplex Trading LLC bought a new position in shares of iShares MSCI United Kingdom ETF during the 1st quarter worth approximately $125,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of iShares MSCI United Kingdom ETF in the 2nd quarter worth approximately $137,000. Bank of Montreal Can boosted its stake in shares of iShares MSCI United Kingdom ETF by 13.5% in the 2nd quarter. Bank of Montreal Can now owns 3,600 shares of the company’s stock worth $143,000 after buying an additional 428 shares during the last quarter. Finally, Everstar Asset Management LLC bought a new position in shares of iShares MSCI United Kingdom ETF in the first quarter valued at approximately $173,000. 58.38% of the stock is owned by institutional investors.

iShares MSCI United Kingdom ETF Trading Down 0.1%

Shares of EWU opened at $43.42 on Friday. The stock has a 50 day moving average of $42.51 and a 200 day moving average of $41.21. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 15.42 and a beta of 0.71. iShares MSCI United Kingdom ETF has a 12 month low of $32.76 and a 12 month high of $43.72.

iShares MSCI United Kingdom ETF 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.