iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Sets New 12-Month High – Still a Buy?

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) shares hit a new 52-week high during trading on Friday . The stock traded as high as $45.31 and last traded at $45.2440, with a volume of 52765 shares traded. The stock had previously closed at $45.07.

iShares MSCI United Kingdom ETF Price Performance

The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 15.42 and a beta of 0.71. The business’s 50-day moving average price is $43.70 and its two-hundred day moving average price is $42.27.

Institutional Trading of iShares MSCI United Kingdom ETF

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of iShares MSCI United Kingdom ETF by 11.9% in the third quarter. Bank of America Corp DE now owns 4,100,915 shares of the company’s stock worth $172,115,000 after purchasing an additional 437,277 shares during the period. Flow Traders U.S. LLC grew its stake in iShares MSCI United Kingdom ETF by 74.4% during the second quarter. Flow Traders U.S. LLC now owns 3,167,448 shares of the company’s stock worth $125,811,000 after buying an additional 1,351,538 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iShares MSCI United Kingdom ETF by 134.0% during the third quarter. JPMorgan Chase & Co. now owns 1,326,876 shares of the company’s stock worth $55,689,000 after buying an additional 759,844 shares in the last quarter. Union Bancaire Privee UBP SA increased its holdings in iShares MSCI United Kingdom ETF by 26,300.2% in the 4th quarter. Union Bancaire Privee UBP SA now owns 506,091 shares of the company’s stock valued at $22,323,000 after buying an additional 504,174 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of iShares MSCI United Kingdom ETF by 7.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 500,355 shares of the company’s stock valued at $21,000,000 after buying an additional 32,652 shares in the last quarter. 58.38% of the stock is currently owned by 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.