iShares MSCI Canada ETF (NYSEARCA:EWC) Hits New 52-Week High – What’s Next?

iShares MSCI Canada ETF (NYSEARCA:EWC)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $55.51 and last traded at $55.3540, with a volume of 457200 shares changing hands. The stock had previously closed at $55.02.

iShares MSCI Canada ETF Stock Up 1.0%

The company’s 50-day moving average is $53.53 and its two-hundred day moving average is $50.54. The company has a market capitalization of $4.03 billion, a P/E ratio of 19.77 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its position in iShares MSCI Canada ETF by 1.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,534,679 shares of the exchange traded fund’s stock valued at $62,538,000 after purchasing an additional 21,113 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of iShares MSCI Canada ETF by 33.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,825 shares of the exchange traded fund’s stock valued at $505,000 after buying an additional 2,723 shares in the last quarter. Dakota Wealth Management boosted its stake in iShares MSCI Canada ETF by 40.1% in the second quarter. Dakota Wealth Management now owns 8,720 shares of the exchange traded fund’s stock worth $403,000 after buying an additional 2,495 shares in the last quarter. Colton Groome Financial Advisors LLC bought a new position in iShares MSCI Canada ETF during the second quarter valued at approximately $2,457,000. Finally, TRU Independence Asset Management 2 LLC raised its stake in shares of iShares MSCI Canada ETF by 8.7% during the second quarter. TRU Independence Asset Management 2 LLC now owns 10,261 shares of the exchange traded fund’s stock worth $474,000 after acquiring an additional 820 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.