iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Sets New 52-Week High – Still a Buy?

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) reached a new 52-week high on Monday . The stock traded as high as $40.16 and last traded at $40.07, with a volume of 673833 shares trading hands. The stock had previously closed at $39.92.

iShares MSCI United Kingdom ETF Stock Up 0.6%

The firm has a market cap of $3.38 billion, a P/E ratio of 18.07 and a beta of 0.70. The business has a fifty day simple moving average of $37.62 and a 200-day simple moving average of $36.32.

Institutional Investors Weigh In On iShares MSCI United Kingdom ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its stake in shares of iShares MSCI United Kingdom ETF by 6.2% in the first quarter. Goldman Sachs Group Inc. now owns 8,775,328 shares of the company’s stock worth $328,812,000 after buying an additional 513,125 shares in the last quarter. Bank of America Corp DE lifted its position in iShares MSCI United Kingdom ETF by 4.0% in the 4th quarter. Bank of America Corp DE now owns 3,218,611 shares of the company’s stock valued at $109,111,000 after acquiring an additional 125,241 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of iShares MSCI United Kingdom ETF by 1.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,606,902 shares of the company’s stock worth $88,374,000 after purchasing an additional 48,455 shares in the last quarter. Flow Traders U.S. LLC raised its stake in shares of iShares MSCI United Kingdom ETF by 0.3% in the first quarter. Flow Traders U.S. LLC now owns 1,815,910 shares of the company’s stock worth $68,042,000 after purchasing an additional 4,748 shares during the last quarter. Finally, Millburn Ridgefield Corp lifted its holdings in shares of iShares MSCI United Kingdom ETF by 5.4% during the fourth quarter. Millburn Ridgefield Corp now owns 1,768,143 shares of the company’s stock valued at $59,940,000 after purchasing an additional 90,662 shares in the last quarter.

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.