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

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $43.73 and last traded at $43.6750, with a volume of 1104236 shares trading hands. The stock had previously closed at $43.46.

iShares MSCI United Kingdom ETF Stock Performance

The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 15.42 and a beta of 0.71. The business has a fifty day moving average price of $42.65 and a 200 day moving average price of $41.36.

Institutional Trading of iShares MSCI United Kingdom ETF

A number of institutional investors have recently modified their holdings of EWU. Jones Financial Companies Lllp lifted 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 buying an additional 255 shares in the last quarter. Signaturefd LLC raised 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 acquiring an additional 284 shares during the period. Russell Investments Group Ltd. boosted its position in iShares MSCI United Kingdom ETF by 28.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,400 shares of the company’s stock worth $59,000 after purchasing an additional 310 shares during the period. Invesco Ltd. raised its position in iShares MSCI United Kingdom ETF by 1.4% in the first quarter. Invesco Ltd. now owns 22,659 shares of the company’s stock valued at $849,000 after purchasing an additional 312 shares during the period. Finally, ABC Arbitrage SA raised its position in iShares MSCI United Kingdom ETF by 1.0% in the second quarter. ABC Arbitrage SA now owns 32,419 shares of the company’s stock valued at $1,288,000 after purchasing an additional 316 shares during the period. Hedge funds and other institutional investors own 58.38% of the company’s stock.

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.