iShares MSCI Canada ETF (NYSEARCA:EWC) Reaches New 1-Year High – Still a Buy?

Shares of iShares MSCI Canada ETF (NYSEARCA:EWC) reached a new 52-week high during trading on Thursday . The stock traded as high as $42.25 and last traded at $42.19, with a volume of 2106979 shares changing hands. The stock had previously closed at $41.58.

iShares MSCI Canada ETF Stock Performance

The business’s fifty day moving average price is $41.05 and its two-hundred day moving average price is $39.04. The firm has a market capitalization of $3.01 billion, a P/E ratio of 14.59 and a beta of 0.90.

Institutional Trading of iShares MSCI Canada ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC acquired a new stake in iShares MSCI Canada ETF in the 2nd quarter worth approximately $45,000. Syntrinsic LLC lifted its stake in shares of iShares MSCI Canada ETF by 26.0% during the second quarter. Syntrinsic LLC now owns 1,494 shares of the exchange traded fund’s stock worth $55,000 after buying an additional 308 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of iShares MSCI Canada ETF during the second quarter valued at $69,000. Whittier Trust Co. increased its position in shares of iShares MSCI Canada ETF by 38.7% in the 3rd quarter. Whittier Trust Co. now owns 1,682 shares of the exchange traded fund’s stock valued at $70,000 after acquiring an additional 469 shares during the period. Finally, CWM LLC raised its stake in iShares MSCI Canada ETF by 18.7% in the 2nd quarter. CWM LLC now owns 2,346 shares of the exchange traded fund’s stock worth $87,000 after acquiring an additional 370 shares during 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).