iShares MSCI Canada ETF (NYSEARCA:EWC) Sets New 52-Week High – Time to Buy?

iShares MSCI Canada ETF (NYSEARCA:EWC) shares hit a new 52-week high during trading on Monday . The stock traded as high as $57.52 and last traded at $57.1170, with a volume of 311687 shares. The stock had previously closed at $57.16.

iShares MSCI Canada ETF Stock Up 0.9%

The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 19.77 and a beta of 0.94. The firm’s 50 day moving average is $55.14 and its two-hundred day moving average is $52.03.

Institutional Trading of iShares MSCI Canada ETF

A number of hedge funds have recently modified their holdings of EWC. The Manufacturers Life Insurance Company raised its stake in shares of iShares MSCI Canada ETF by 1,675.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,178,045 shares of the exchange traded fund’s stock valued at $171,392,000 after acquiring an additional 2,999,053 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of iShares MSCI Canada ETF in the second quarter worth about $51,589,000. Bank of Nova Scotia acquired a new position in shares of iShares MSCI Canada ETF during the second quarter worth approximately $40,619,000. Bank of Montreal Can lifted its position in shares of iShares MSCI Canada ETF by 152.1% during the second quarter. Bank of Montreal Can now owns 1,304,333 shares of the exchange traded fund’s stock worth $60,260,000 after purchasing an additional 787,009 shares in the last quarter. Finally, Graham Capital Management L.P. grew its stake in shares of iShares MSCI Canada ETF by 525.5% during the fourth quarter. Graham Capital Management L.P. now owns 806,849 shares of the exchange traded fund’s stock valued at $43,513,000 after purchasing an additional 677,849 shares during 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.