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

iShares MSCI Canada ETF (NYSEARCA:EWC)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $58.97 and last traded at $58.93, with a volume of 41899 shares traded. The stock had previously closed at $58.51.

iShares MSCI Canada ETF Stock Performance

The stock’s 50-day simple moving average is $56.83 and its 200 day simple moving average is $55.28. The company has a market cap of $5.21 billion, a PE ratio of 19.77 and a beta of 0.86.

Hedge Funds Weigh In On iShares MSCI Canada ETF

A number of large investors have recently made changes to their positions in the stock. Ascent Group LLC grew its stake in iShares MSCI Canada ETF by 411.5% in the 4th quarter. Ascent Group LLC now owns 32,205 shares of the exchange traded fund’s stock valued at $1,737,000 after acquiring an additional 25,909 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. grew its stake in iShares MSCI Canada ETF by 100.0% in the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 34,429 shares of the exchange traded fund’s stock valued at $1,882,000 after acquiring an additional 17,214 shares during the last quarter. Navellier & Associates Inc. acquired a new stake in iShares MSCI Canada ETF in the 3rd quarter valued at about $1,125,000. Cadinha & Co. LLC grew its stake in iShares MSCI Canada ETF by 8.7% in the 4th quarter. Cadinha & Co. LLC now owns 306,875 shares of the exchange traded fund’s stock valued at $16,550,000 after acquiring an additional 24,545 shares during the last quarter. Finally, Providence First Trust Co acquired a new stake in iShares MSCI Canada ETF in the 4th quarter valued at about $1,249,000.

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.