iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Reaches New 1-Year High at $34.59

Shares of iShares MSCI United Kingdom ETF (NYSEARCA:EWU) hit a new 52-week high during trading on Thursday . The company traded as high as $34.59 and last traded at $34.59, with a volume of 1652696 shares trading hands. The stock had previously closed at $34.23.

iShares MSCI United Kingdom ETF Trading Up 0.8 %

The firm has a market cap of $2.71 billion, a P/E ratio of 12.50 and a beta of 0.68. The stock’s fifty day moving average is $33.59 and its two-hundred day moving average is $32.66.

Hedge Funds Weigh In On iShares MSCI United Kingdom ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EWU. Morningstar Investment Services LLC raised its stake in iShares MSCI United Kingdom ETF by 95.2% during the fourth quarter. Morningstar Investment Services LLC now owns 2,877,515 shares of the company’s stock valued at $95,102,000 after purchasing an additional 1,403,395 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in shares of iShares MSCI United Kingdom ETF by 353.2% in the third quarter. Catalyst Capital Advisors LLC now owns 1,673,519 shares of the company’s stock valued at $52,950,000 after acquiring an additional 1,304,222 shares during the period. Millburn Ridgefield Corp raised its stake in shares of iShares MSCI United Kingdom ETF by 2.6% in the first quarter. Millburn Ridgefield Corp now owns 1,553,053 shares of the company’s stock valued at $53,130,000 after acquiring an additional 39,607 shares during the period. GHP Investment Advisors Inc. raised its stake in shares of iShares MSCI United Kingdom ETF by 8.6% in the fourth quarter. GHP Investment Advisors Inc. now owns 561,801 shares of the company’s stock valued at $18,568,000 after acquiring an additional 44,282 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of iShares MSCI United Kingdom ETF by 66.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 370,035 shares of the company’s stock valued at $12,230,000 after acquiring an additional 147,750 shares during the period.

About iShares MSCI United Kingdom ETF

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.