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

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) hit a new 52-week high on Wednesday . The stock traded as high as $47.39 and last traded at $47.3740, with a volume of 684105 shares traded. The stock had previously closed at $46.74.

iShares MSCI United Kingdom ETF Price Performance

The firm has a market capitalization of $3.07 billion, a PE ratio of 15.42 and a beta of 0.71. The business has a 50-day simple moving average of $44.72 and a 200-day simple moving average of $42.88.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of iShares MSCI United Kingdom ETF by 105.8% during the 4th quarter. Allworth Financial LP now owns 963 shares of the company’s stock worth $42,000 after purchasing an additional 495 shares during the period. TD Waterhouse Canada Inc. increased its stake in iShares MSCI United Kingdom ETF by 28.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,002 shares of the company’s stock worth $44,000 after purchasing an additional 223 shares during the period. Farther Finance Advisors LLC bought a new stake in iShares MSCI United Kingdom ETF during the 3rd quarter valued at about $46,000. PNC Financial Services Group Inc. raised its stake in shares of iShares MSCI United Kingdom ETF by 201.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,206 shares of the company’s stock valued at $53,000 after acquiring an additional 806 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in iShares MSCI United Kingdom ETF by 24.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,300 shares of the company’s stock worth $54,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 58.38% of the company’s stock.

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.