iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Reaches New 52-Week High – Still a Buy?

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) reached a new 52-week high during trading on Monday . The company traded as high as $40.16 and last traded at $40.07, with a volume of 673833 shares changing hands. The stock had previously closed at $39.92.

iShares MSCI United Kingdom ETF Price Performance

The business has a 50-day simple moving average of $37.73 and a 200-day simple moving average of $36.39. The firm has a market capitalization of $3.08 billion, a PE ratio of 18.07 and a beta of 0.70.

Institutional Investors Weigh In On iShares MSCI United Kingdom ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. acquired a new position in iShares MSCI United Kingdom ETF in the fourth quarter valued at $25,000. Orion Capital Management LLC purchased a new stake in iShares MSCI United Kingdom ETF in the fourth quarter valued at approximately $27,000. Wayfinding Financial LLC acquired a new stake in iShares MSCI United Kingdom ETF during the first quarter worth about $34,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of iShares MSCI United Kingdom ETF in the 4th quarter valued at $39,000. Finally, Founders Financial Alliance LLC purchased a new stake in shares of iShares MSCI United Kingdom ETF during the first quarter valued at approximately $50,000.

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.