iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Reaches New 12-Month High – Here’s What Happened

iShares MSCI United Kingdom ETF (NYSEARCA:EWU)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $44.24 and last traded at $44.0460, with a volume of 1392586 shares changing hands. The stock had previously closed at $44.08.

iShares MSCI United Kingdom ETF Trading Down 0.6%

The company has a market cap of $2.80 billion, a price-to-earnings ratio of 15.42 and a beta of 0.71. The stock’s 50 day moving average price is $42.95 and its 200 day moving average price is $41.62.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its position in shares of iShares MSCI United Kingdom ETF by 24.4% in the third quarter. Jones Financial Companies Lllp now owns 1,300 shares of the company’s stock worth $54,000 after buying an additional 255 shares during the period. Signaturefd LLC grew its holdings in iShares MSCI United Kingdom ETF by 1.6% during the 2nd quarter. Signaturefd LLC now owns 17,885 shares of the company’s stock valued at $710,000 after purchasing an additional 284 shares in the last quarter. Russell Investments Group Ltd. increased its stake in iShares MSCI United Kingdom ETF by 28.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,400 shares of the company’s stock worth $59,000 after buying an additional 310 shares during the period. Invesco Ltd. boosted its holdings in iShares MSCI United Kingdom ETF by 1.4% in the first quarter. Invesco Ltd. now owns 22,659 shares of the company’s stock valued at $849,000 after purchasing an additional 312 shares during the last quarter. Finally, ABC Arbitrage SA grew its position in shares of iShares MSCI United Kingdom ETF by 1.0% during the second quarter. ABC Arbitrage SA now owns 32,419 shares of the company’s stock worth $1,288,000 after buying an additional 316 shares in the last quarter. 58.38% of the stock is owned by hedge funds and other 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.