iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Reaches New 12-Month High – Should You Buy?

Shares of iShares MSCI United Kingdom ETF (NYSEARCA:EWU) reached a new 52-week high on Wednesday . The stock traded as high as $38.10 and last traded at $38.00, with a volume of 1130840 shares. 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 $36.17 and a two-hundred day simple moving average of $35.93. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 18.10 and a beta of 0.79.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Pictet North America Advisors SA grew its holdings in iShares MSCI United Kingdom ETF by 288.4% during the 4th quarter. Pictet North America Advisors SA now owns 326,221 shares of the company’s stock worth $11,059,000 after acquiring an additional 242,240 shares during the period. Citigroup Inc. boosted its position in shares of iShares MSCI United Kingdom ETF by 237.3% during the 3rd quarter. Citigroup Inc. now owns 325,848 shares of the company’s stock worth $12,190,000 after purchasing an additional 229,244 shares in the last quarter. Optiver Holding B.V. bought a new position in shares of iShares MSCI United Kingdom ETF during the 4th quarter worth about $7,102,000. OLD Mission Capital LLC bought a new position in shares of iShares MSCI United Kingdom ETF during the 4th quarter worth about $6,912,000. Finally, Ameriprise Financial Inc. boosted its position in shares of iShares MSCI United Kingdom ETF by 49.3% during the 4th quarter. Ameriprise Financial Inc. now owns 612,918 shares of the company’s stock worth $20,775,000 after purchasing an additional 202,384 shares in the last quarter.

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.