iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Reaches New 1-Year High – Should You Buy?

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) hit a new 52-week high on Monday . The stock traded as high as $44.24 and last traded at $44.0460, with a volume of 1392586 shares traded. The stock had previously closed at $44.08.

iShares MSCI United Kingdom ETF Stock Performance

The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 15.42 and a beta of 0.71. The stock’s fifty day moving average is $42.95 and its two-hundred day moving average is $41.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EWU. Farther Finance Advisors LLC purchased a new stake in iShares MSCI United Kingdom ETF in the 3rd quarter worth approximately $46,000. Jones Financial Companies Lllp boosted its position in iShares MSCI United Kingdom ETF by 24.4% during the third quarter. Jones Financial Companies Lllp now owns 1,300 shares of the company’s stock valued at $54,000 after purchasing an additional 255 shares during the last quarter. Russell Investments Group Ltd. grew its stake in iShares MSCI United Kingdom ETF by 28.4% in the third quarter. Russell Investments Group Ltd. now owns 1,400 shares of the company’s stock valued at $59,000 after purchasing an additional 310 shares in the last quarter. Headlands Technologies LLC purchased a new position in iShares MSCI United Kingdom ETF in the second quarter valued at about $73,000. Finally, IFP Advisors Inc acquired a new position in iShares MSCI United Kingdom ETF in the 3rd quarter worth about $78,000. Hedge funds and other institutional investors 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.