iShares MSCI Canada ETF (NYSEARCA:EWC) Hits New 52-Week High – Still a Buy?

Shares of iShares MSCI Canada ETF (NYSEARCA:EWC) reached a new 52-week high during trading on Wednesday . The stock traded as high as $59.54 and last traded at $59.51, with a volume of 445863 shares trading hands. The stock had previously closed at $59.18.

iShares MSCI Canada ETF Trading Up 0.6%

The business’s 50 day simple moving average is $58.21 and its 200 day simple moving average is $56.71. The firm has a market capitalization of $6.08 billion, a PE ratio of 19.77 and a beta of 0.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in iShares MSCI Canada ETF during the fourth quarter valued at approximately $34,000. Tucker Asset Management LLC bought a new position in shares of iShares MSCI Canada ETF during the 4th quarter valued at approximately $46,000. Western Wealth Management LLC bought a new position in shares of iShares MSCI Canada ETF during the 1st quarter valued at approximately $49,000. Optima Capital LLC purchased a new stake in iShares MSCI Canada ETF during the 4th quarter valued at $52,000. Finally, Abound Financial LLC purchased a new stake in iShares MSCI Canada ETF during the 4th quarter valued at $66,000.

About iShares MSCI Canada ETF

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.