iShares MSCI Canada ETF (NYSEARCA:EWC) Hits New 12-Month High – Here’s Why

Shares of iShares MSCI Canada ETF (NYSEARCA:EWC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $61.34 and last traded at $61.27, with a volume of 48831 shares trading hands. The stock had previously closed at $61.30.

iShares MSCI Canada ETF Stock Performance

The firm’s 50-day simple moving average is $58.73 and its 200 day simple moving average is $57.34. The stock has a market capitalization of $6.34 billion, a P/E ratio of 19.77 and a beta of 0.86.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EWC. The Manufacturers Life Insurance Company increased its position in shares of iShares MSCI Canada ETF by 52.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,841,833 shares of the exchange traded fund’s stock worth $265,284,000 after purchasing an additional 1,663,788 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of iShares MSCI Canada ETF by 1,675.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,178,045 shares of the exchange traded fund’s stock valued at $171,392,000 after buying an additional 2,999,053 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of iShares MSCI Canada ETF by 8.1% in the 1st quarter. Bank of America Corp DE now owns 2,081,714 shares of the exchange traded fund’s stock valued at $114,057,000 after buying an additional 156,792 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of iShares MSCI Canada ETF by 5.4% in the 1st quarter. Assetmark Inc. now owns 1,800,052 shares of the exchange traded fund’s stock valued at $98,625,000 after buying an additional 91,652 shares during the last quarter. Finally, Korea Investment CORP grew its stake in shares of iShares MSCI Canada ETF by 5.7% in the fourth quarter. Korea Investment CORP now owns 1,757,957 shares of the exchange traded fund’s stock valued at $94,807,000 after buying an additional 94,857 shares in the last quarter.

iShares MSCI Canada ETF Company Profile

iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Canadian market, as measured by the MSCI Canada Index (the Index). The Index seeks to measure the performance of the Canadian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.