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

iShares MSCI Canada ETF (NYSEARCA:EWC)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $56.64 and last traded at $56.12, with a volume of 1037966 shares trading hands. The stock had previously closed at $56.18.

iShares MSCI Canada ETF Stock Performance

The company has a 50-day moving average of $53.75 and a 200-day moving average of $50.74. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 19.77 and a beta of 0.94.

Hedge Funds Weigh In On iShares MSCI Canada ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. American National Bank & Trust acquired a new position in iShares MSCI Canada ETF in the 3rd quarter valued at $25,000. Financial Life Planners purchased a new stake in shares of iShares MSCI Canada ETF in the third quarter valued at about $35,000. Optima Capital LLC acquired a new position in shares of iShares MSCI Canada ETF during the fourth quarter worth about $52,000. USA Financial Formulas raised its holdings in iShares MSCI Canada ETF by 1,789.2% during the fourth quarter. USA Financial Formulas now owns 1,398 shares of the exchange traded fund’s stock worth $75,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Huntington National Bank raised its holdings in iShares MSCI Canada ETF by 171,000.0% during the third quarter. Huntington National Bank now owns 1,711 shares of the exchange traded fund’s stock worth $86,000 after purchasing an additional 1,710 shares in the last quarter.

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.