iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Reaches New 12-Month High – What’s Next?

Shares of iShares MSCI United Kingdom ETF (NYSEARCA:EWU) reached a new 52-week high on Thursday . The company traded as high as $46.56 and last traded at $46.8270, with a volume of 412 shares trading hands. The stock had previously closed at $46.24.

iShares MSCI United Kingdom ETF Stock Performance

The company has a market capitalization of $2.99 billion, a PE ratio of 15.42 and a beta of 0.71. The company’s fifty day moving average is $44.18 and its 200-day moving average is $42.53.

Institutional Inflows and Outflows

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