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

Shares of 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 $46.56 and last traded at $46.8270, with a volume of 412 shares traded. The stock had previously closed at $46.24.

iShares MSCI United Kingdom ETF Stock Up 0.3%

The company has a market capitalization of $3.00 billion, a P/E ratio of 15.42 and a beta of 0.71. The business has a 50 day moving average of $44.00 and a 200 day moving average of $42.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EWU. Rothschild & Co Wealth Management UK Ltd raised its stake in iShares MSCI United Kingdom ETF by 9.4% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 279,162 shares of the company’s stock valued at $12,278,000 after purchasing an additional 23,887 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of iShares MSCI United Kingdom ETF by 5.5% in the 4th quarter. Evergreen Capital Management LLC now owns 45,393 shares of the company’s stock worth $1,996,000 after buying an additional 2,355 shares during the last quarter. Sharper & Granite LLC increased its holdings in shares of iShares MSCI United Kingdom ETF by 1.2% in the 4th quarter. Sharper & Granite LLC now owns 132,925 shares of the company’s stock worth $5,846,000 after buying an additional 1,555 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of iShares MSCI United Kingdom ETF by 28.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,002 shares of the company’s stock valued at $44,000 after buying an additional 223 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of iShares MSCI United Kingdom ETF by 142.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,116 shares of the company’s stock valued at $1,281,000 after acquiring an additional 17,096 shares during the last quarter. 58.38% of the stock is owned by hedge funds and other institutional investors.

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.