iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Hits New 52-Week High – Time to Buy?

Shares of iShares MSCI United Kingdom ETF (NYSEARCA:EWU) reached a new 52-week high during trading on Monday . The company traded as high as $48.15 and last traded at $48.1830, with a volume of 1687 shares traded. The stock had previously closed at $48.04.

iShares MSCI United Kingdom ETF Stock Up 0.2%

The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 15.42 and a beta of 0.71. The stock’s 50 day moving average is $45.58 and its 200 day moving average is $43.40.

Institutional Trading of iShares MSCI United Kingdom ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. boosted its stake in iShares MSCI United Kingdom ETF by 30.1% during the fourth quarter. Invesco Ltd. now owns 26,064 shares of the company’s stock valued at $1,146,000 after buying an additional 6,030 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in iShares MSCI United Kingdom ETF by 29.3% in the 4th quarter. Corient Private Wealth LLC now owns 60,054 shares of the company’s stock valued at $2,641,000 after acquiring an additional 13,614 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of iShares MSCI United Kingdom ETF during the 4th quarter valued at about $286,000. Onyx Bridge Wealth Group LLC boosted its position in shares of iShares MSCI United Kingdom ETF by 108.4% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 61,602 shares of the company’s stock valued at $2,709,000 after purchasing an additional 32,043 shares in the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of iShares MSCI United Kingdom ETF in the 4th quarter worth approximately $475,000. 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.