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

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $38.10 and last traded at $38.00, with a volume of 1130840 shares traded. The stock had previously closed at $37.95.

iShares MSCI United Kingdom ETF Price Performance

The business has a 50-day simple moving average of $36.01 and a 200 day simple moving average of $35.90. The firm has a market cap of $3.26 billion, a PE ratio of 18.10 and a beta of 0.79.

Institutional Trading of iShares MSCI United Kingdom ETF

Several institutional investors have recently made changes to their positions in the business. GTS Securities LLC grew its holdings in iShares MSCI United Kingdom ETF by 54,069.0% during the 4th quarter. GTS Securities LLC now owns 53,969 shares of the company’s stock valued at $1,830,000 after buying an additional 54,069 shares in the last quarter. Orion Capital Management LLC purchased a new position in iShares MSCI United Kingdom ETF during the 4th quarter worth $27,000. Vivaldi Capital Management LP purchased a new position in iShares MSCI United Kingdom ETF during the 4th quarter worth $335,000. Royal Bank of Canada increased its holdings in iShares MSCI United Kingdom ETF by 20.8% during the 4th quarter. Royal Bank of Canada now owns 401,819 shares of the company’s stock worth $13,621,000 after purchasing an additional 69,108 shares during the period. Finally, Point72 Europe London LLP purchased a new position in shares of iShares MSCI United Kingdom ETF in the 4th quarter valued at $5,685,000.

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.