iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Sets New 12-Month High – Here’s Why

iShares MSCI United Kingdom ETF (NYSEARCA:EWU)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $45.26 and last traded at $45.2490, with a volume of 2870352 shares trading hands. The stock had previously closed at $44.98.

iShares MSCI United Kingdom ETF Trading Up 0.2%

The stock’s fifty day moving average price is $43.57 and its 200 day moving average price is $42.13. The stock has a market cap of $2.92 billion, a P/E ratio of 15.42 and a beta of 0.71.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp raised its holdings in shares of iShares MSCI United Kingdom ETF by 5.0% during the 2nd quarter. Truist Financial Corp now owns 7,559 shares of the company’s stock valued at $300,000 after buying an additional 363 shares in the last quarter. Assetmark Inc. grew its position in iShares MSCI United Kingdom ETF by 191.3% during the second quarter. Assetmark Inc. now owns 8,047 shares of the company’s stock valued at $320,000 after acquiring an additional 5,285 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in shares of iShares MSCI United Kingdom ETF during the second quarter worth approximately $295,000. Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI United Kingdom ETF by 4.8% during the second quarter. Envestnet Asset Management Inc. now owns 467,703 shares of the company’s stock worth $18,577,000 after acquiring an additional 21,457 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of iShares MSCI United Kingdom ETF by 29.8% in the 2nd quarter. Brown Advisory Inc. now owns 109,740 shares of the company’s stock worth $4,359,000 after acquiring an additional 25,168 shares during the last quarter. Institutional investors 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.