iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Hits New 12-Month High – Should You Buy?
by Jessica Moore · The Cerbat GemiShares MSCI United Kingdom ETF (NYSEARCA:EWU – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $44.46 and last traded at $44.3480, with a volume of 2409603 shares. The stock had previously closed at $43.98.
iShares MSCI United Kingdom ETF Stock Performance
The stock’s fifty day moving average is $43.12 and its two-hundred day moving average is $41.77. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 15.42 and a beta of 0.71.
Institutional Trading of iShares MSCI United Kingdom ETF
A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in iShares MSCI United Kingdom ETF by 10.3% during the first quarter. Royal Bank of Canada now owns 443,292 shares of the company’s stock worth $16,612,000 after purchasing an additional 41,473 shares during the period. Integrated Wealth Concepts LLC lifted its stake in iShares MSCI United Kingdom ETF by 120.2% in the first quarter. Integrated Wealth Concepts LLC now owns 36,993 shares of the company’s stock worth $1,386,000 after acquiring an additional 20,194 shares during the period. Goldman Sachs Group Inc. boosted its position in iShares MSCI United Kingdom ETF by 6.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,775,328 shares of the company’s stock valued at $328,812,000 after acquiring an additional 513,125 shares in the last quarter. Everstar Asset Management LLC purchased a new position in shares of iShares MSCI United Kingdom ETF during the first quarter valued at approximately $173,000. Finally, Jane Street Group LLC grew its stake in shares of iShares MSCI United Kingdom ETF by 62.2% in the 1st quarter. Jane Street Group LLC now owns 1,597,495 shares of the company’s stock worth $59,858,000 after buying an additional 612,672 shares during the last quarter. 58.38% of the stock is currently owned by institutional investors.
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.