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 hit a new 52-week high on Wednesday . The company traded as high as $45.26 and last traded at $45.2490, with a volume of 2870352 shares changing hands. The stock had previously closed at $44.98.

iShares MSCI United Kingdom ETF Stock Up 0.7%

The business’s fifty day moving average is $43.42 and its 200-day moving average is $42.04. The company has a market cap of $2.93 billion, a PE ratio of 15.42 and a beta of 0.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC boosted its stake in shares of iShares MSCI United Kingdom ETF by 74.4% during the 2nd quarter. Flow Traders U.S. LLC now owns 3,167,448 shares of the company’s stock worth $125,811,000 after purchasing an additional 1,351,538 shares during the period. JPMorgan Chase & Co. lifted its stake in iShares MSCI United Kingdom ETF by 134.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,326,876 shares of the company’s stock valued at $55,689,000 after acquiring an additional 759,844 shares during the period. Bank of America Corp DE boosted its position in iShares MSCI United Kingdom ETF by 23.1% in the 2nd quarter. Bank of America Corp DE now owns 3,663,638 shares of the company’s stock worth $145,520,000 after purchasing an additional 686,519 shares in the last quarter. Union Bancaire Privee UBP SA grew its holdings in iShares MSCI United Kingdom ETF by 26,300.2% in the fourth quarter. Union Bancaire Privee UBP SA now owns 506,091 shares of the company’s stock valued at $22,323,000 after purchasing an additional 504,174 shares during the period. Finally, Polianta Ltd acquired a new stake in iShares MSCI United Kingdom ETF in the 2nd quarter worth about $13,437,000. 58.38% of the stock is owned by hedge funds and other institutional investors.

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.