iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Hits New 12-Month High – Time to Buy?

iShares MSCI United Kingdom ETF (NYSEARCA:EWU)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $48.96 and last traded at $48.93, with a volume of 36430 shares trading hands. The stock had previously closed at $48.54.

iShares MSCI United Kingdom ETF Stock Up 0.8%

The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 15.42 and a beta of 0.59. The stock has a 50 day moving average price of $47.13 and a 200 day moving average price of $46.85.

Institutional Investors Weigh In On iShares MSCI United Kingdom ETF

A number of institutional investors have recently added to or reduced their stakes in EWU. City Holding Co. bought a new stake in iShares MSCI United Kingdom ETF during the 2nd quarter worth approximately $92,000. Contravisory Investment Management Inc. raised its stake in shares of iShares MSCI United Kingdom ETF by 2.7% during the second quarter. Contravisory Investment Management Inc. now owns 26,804 shares of the company’s stock valued at $1,237,000 after acquiring an additional 700 shares during the last quarter. Tactive Advisors LLC lifted its holdings in shares of iShares MSCI United Kingdom ETF by 5.8% during the second quarter. Tactive Advisors LLC now owns 7,338 shares of the company’s stock worth $339,000 after purchasing an additional 400 shares during the period. Balefire LLC acquired a new position in shares of iShares MSCI United Kingdom ETF during the second quarter worth $1,068,000. Finally, Boltwood Capital Management grew its stake in shares of iShares MSCI United Kingdom ETF by 20.0% in the second quarter. Boltwood Capital Management now owns 17,375 shares of the company’s stock worth $802,000 after purchasing an additional 2,900 shares during the last quarter. 58.38% of the stock is 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.