iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Sets New 12-Month High – Still a Buy?

iShares MSCI United Kingdom ETF (NYSEARCA:EWU)’s share price hit a new 52-week high on Monday . The company traded as high as $43.16 and last traded at $43.0950, with a volume of 458820 shares. The stock had previously closed at $42.87.

iShares MSCI United Kingdom ETF Stock Up 1.3%

The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 15.42 and a beta of 0.71. The firm has a fifty day moving average price of $42.06 and a 200-day moving average price of $40.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew 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 acquiring an additional 255 shares during the period. Signaturefd LLC lifted its stake in shares of iShares MSCI United Kingdom ETF by 1.6% in the 2nd quarter. Signaturefd LLC now owns 17,885 shares of the company’s stock valued at $710,000 after purchasing an additional 284 shares in the last quarter. Invesco Ltd. grew its holdings in shares of iShares MSCI United Kingdom ETF by 1.4% during the 1st quarter. Invesco Ltd. now owns 22,659 shares of the company’s stock worth $849,000 after purchasing an additional 312 shares during the period. ABC Arbitrage SA increased its position in iShares MSCI United Kingdom ETF by 1.0% during the 2nd quarter. ABC Arbitrage SA now owns 32,419 shares of the company’s stock worth $1,288,000 after purchasing an additional 316 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in iShares MSCI United Kingdom ETF by 5.0% in the second quarter. Truist Financial Corp now owns 7,559 shares of the company’s stock valued at $300,000 after buying an additional 363 shares during the period. Institutional investors and hedge funds 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.