Assetmark Inc. Has $98.62 Million Stock Position in iShares MSCI Canada ETF $EWC

Assetmark Inc. grew its stake in shares of iShares MSCI Canada ETF (NYSEARCA:EWC) by 5.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,800,052 shares of the exchange traded fund’s stock after acquiring an additional 91,652 shares during the period. Assetmark Inc.’s holdings in iShares MSCI Canada ETF were worth $98,625,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in iShares MSCI Canada ETF during the 4th quarter worth $34,000. Tucker Asset Management LLC acquired a new position in iShares MSCI Canada ETF in the 4th quarter worth about $46,000. Optima Capital LLC bought a new position in iShares MSCI Canada ETF in the fourth quarter valued at about $52,000. Abound Financial LLC bought a new position in iShares MSCI Canada ETF in the fourth quarter valued at about $66,000. Finally, USA Financial Formulas raised its position in iShares MSCI Canada ETF by 1,789.2% in the fourth quarter. USA Financial Formulas now owns 1,398 shares of the exchange traded fund’s stock valued at $75,000 after purchasing an additional 1,324 shares during the last quarter.

iShares MSCI Canada ETF Trading Down 0.2%

Shares of EWC stock opened at $59.39 on Friday. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 19.77 and a beta of 0.86. The business’s 50-day moving average price is $58.26 and its 200-day moving average price is $56.78. iShares MSCI Canada ETF has a 12 month low of $45.66 and a 12 month high of $59.61.

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.