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

iShares MSCI United Kingdom ETF (NYSEARCA:EWU)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $48.96 and last traded at $48.93, with a volume of 36430 shares trading hands. The stock had previously closed at $48.54.

iShares MSCI United Kingdom ETF Stock Up 0.8%

The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 15.42 and a beta of 0.59. The company has a 50 day simple moving average of $47.13 and a 200 day simple moving average of $46.85.

Institutional Trading of iShares MSCI United Kingdom ETF

Hedge funds have recently added to or reduced their stakes in the stock. City Holding Co. bought a new stake in shares of iShares MSCI United Kingdom ETF during the second quarter worth $92,000. Contravisory Investment Management Inc. lifted its stake in shares of iShares MSCI United Kingdom ETF by 2.7% in the 2nd quarter. Contravisory Investment Management Inc. now owns 26,804 shares of the company’s stock valued at $1,237,000 after acquiring an additional 700 shares during the last quarter. Tactive Advisors LLC boosted its holdings in shares of iShares MSCI United Kingdom ETF by 5.8% during the 2nd quarter. Tactive Advisors LLC now owns 7,338 shares of the company’s stock valued at $339,000 after acquiring an additional 400 shares in the last quarter. Balefire LLC acquired a new stake in shares of iShares MSCI United Kingdom ETF during the 2nd quarter valued at $1,068,000. Finally, Boltwood Capital Management boosted its holdings in shares of iShares MSCI United Kingdom ETF by 20.0% during the 2nd quarter. Boltwood Capital Management now owns 17,375 shares of the company’s stock valued at $802,000 after acquiring an additional 2,900 shares in the last quarter. Institutional investors and hedge funds 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.