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

iShares MSCI United Kingdom ETF (NYSEARCA:EWU)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $42.81 and last traded at $42.82, with a volume of 1415783 shares changing hands. The stock had previously closed at $42.60.

iShares MSCI United Kingdom ETF Stock Up 0.4%

The firm has a 50 day moving average price of $41.85 and a 200 day moving average price of $40.15. The stock has a market cap of $2.74 billion, a P/E ratio of 15.42 and a beta of 0.83.

Hedge Funds Weigh In On iShares MSCI United Kingdom ETF

A number of hedge funds have recently modified their holdings of EWU. Wayfinding Financial LLC bought a new stake in shares of iShares MSCI United Kingdom ETF during the 1st quarter valued at $34,000. Farther Finance Advisors LLC purchased a new stake in iShares MSCI United Kingdom ETF in the 3rd quarter worth $46,000. Founders Financial Alliance LLC bought a new stake in iShares MSCI United Kingdom ETF during the first quarter valued at about $50,000. Headlands Technologies LLC purchased a new position in shares of iShares MSCI United Kingdom ETF in the second quarter valued at about $73,000. Finally, Arlington Trust Co LLC purchased a new position in shares of iShares MSCI United Kingdom ETF in the first quarter valued at about $123,000. 58.38% of the stock is currently owned by institutional investors.

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.