iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Reaches New 52-Week High – What’s Next?

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) shares reached a new 52-week high during trading on Friday . The stock traded as high as $45.31 and last traded at $45.2440, with a volume of 52765 shares traded. The stock had previously closed at $45.07.

iShares MSCI United Kingdom ETF Trading Up 1.1%

The stock has a market cap of $2.95 billion, a PE ratio of 15.42 and a beta of 0.71. The company has a fifty day moving average of $43.75 and a 200-day moving average of $42.33.

Institutional Trading of iShares MSCI United Kingdom ETF

Several hedge funds have recently made changes to their positions in EWU. Bank of America Corp DE grew its holdings in shares of iShares MSCI United Kingdom ETF by 11.9% in the third quarter. Bank of America Corp DE now owns 4,100,915 shares of the company’s stock valued at $172,115,000 after purchasing an additional 437,277 shares in the last quarter. Flow Traders U.S. LLC boosted its position in iShares MSCI United Kingdom ETF by 74.4% in the 2nd quarter. Flow Traders U.S. LLC now owns 3,167,448 shares of the company’s stock valued at $125,811,000 after buying an additional 1,351,538 shares during the period. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI United Kingdom ETF by 134.0% in the third quarter. JPMorgan Chase & Co. now owns 1,326,876 shares of the company’s stock worth $55,689,000 after acquiring an additional 759,844 shares in the last quarter. Union Bancaire Privee UBP SA increased its position in shares of iShares MSCI United Kingdom ETF by 26,300.2% during the fourth quarter. Union Bancaire Privee UBP SA now owns 506,091 shares of the company’s stock worth $22,323,000 after acquiring an additional 504,174 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of iShares MSCI United Kingdom ETF by 7.0% during the third quarter. Envestnet Asset Management Inc. now owns 500,355 shares of the company’s stock worth $21,000,000 after acquiring an additional 32,652 shares during the period. Institutional investors and hedge funds own 58.38% of the company’s stock.

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.