iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Sets New 1-Year High – Time to Buy?

Shares of iShares MSCI United Kingdom ETF (NYSEARCA:EWU) reached a new 52-week high on Tuesday . The stock traded as high as $47.52 and last traded at $47.4850, with a volume of 1399770 shares traded. The stock had previously closed at $47.25.

iShares MSCI United Kingdom ETF Stock Performance

The stock’s fifty day simple moving average is $45.04 and its 200-day simple moving average is $43.08. The stock has a market cap of $3.07 billion, a P/E ratio of 15.42 and a beta of 0.71.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Evelyn Partners Investment Management LLP raised its position in iShares MSCI United Kingdom ETF by 216.7% in the fourth quarter. Evelyn Partners Investment Management LLP now owns 950 shares of the company’s stock valued at $42,000 after purchasing an additional 650 shares during the last quarter. Allworth Financial LP increased its stake in shares of iShares MSCI United Kingdom ETF by 105.8% in the fourth quarter. Allworth Financial LP now owns 963 shares of the company’s stock valued at $42,000 after buying an additional 495 shares during the period. TD Waterhouse Canada Inc. raised its holdings in iShares MSCI United Kingdom ETF by 28.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,002 shares of the company’s stock valued at $44,000 after buying an additional 223 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in iShares MSCI United Kingdom ETF during the 3rd quarter worth approximately $46,000. Finally, Colonial Trust Advisors acquired a new stake in iShares MSCI United Kingdom ETF during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 58.38% of the company’s stock.

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.