iShares MSCI Canada ETF (NYSEARCA:EWC) Sets New 12-Month High – What’s Next?

iShares MSCI Canada ETF (NYSEARCA:EWC) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $51.13 and last traded at $51.14, with a volume of 1007740 shares. The stock had previously closed at $50.59.

iShares MSCI Canada ETF Trading Up 1.3%

The stock has a fifty day moving average price of $48.62 and a 200 day moving average price of $45.36. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 19.77 and a beta of 1.02.

Hedge Funds Weigh In On iShares MSCI Canada ETF

Institutional investors have recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of iShares MSCI Canada ETF during the 1st quarter worth $27,000. Allworth Financial LP lifted its position in iShares MSCI Canada ETF by 198.4% during the 1st quarter. Allworth Financial LP now owns 725 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 482 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in iShares MSCI Canada ETF during the first quarter valued at about $37,000. Banque Cantonale Vaudoise bought a new stake in iShares MSCI Canada ETF during the first quarter valued at about $49,000. Finally, Abound Financial LLC acquired a new stake in shares of iShares MSCI Canada ETF in the first quarter valued at about $50,000.

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).