iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Hits New 1-Year High – What’s Next?

iShares MSCI United Kingdom ETF (NYSEARCA:EWU)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $38.10 and last traded at $38.00, with a volume of 1130840 shares trading hands. The stock had previously closed at $37.95.

iShares MSCI United Kingdom ETF Stock Performance

The stock has a market cap of $3.22 billion, a PE ratio of 18.10 and a beta of 0.79. The company’s 50 day simple moving average is $36.17 and its 200 day simple moving average is $35.93.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EWU. GTS Securities LLC lifted its stake in iShares MSCI United Kingdom ETF by 54,069.0% in the fourth quarter. GTS Securities LLC now owns 53,969 shares of the company’s stock worth $1,830,000 after purchasing an additional 54,069 shares during the last quarter. Orion Capital Management LLC purchased a new position in shares of iShares MSCI United Kingdom ETF in the fourth quarter valued at about $27,000. Vivaldi Capital Management LP purchased a new position in shares of iShares MSCI United Kingdom ETF in the fourth quarter valued at about $335,000. Royal Bank of Canada increased its position in shares of iShares MSCI United Kingdom ETF by 20.8% in the fourth quarter. Royal Bank of Canada now owns 401,819 shares of the company’s stock valued at $13,621,000 after acquiring an additional 69,108 shares during the period. Finally, Point72 Europe London LLP purchased a new position in shares of iShares MSCI United Kingdom ETF in the fourth quarter valued at about $5,685,000.

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.