iShares MSCI Canada ETF (NYSEARCA:EWC) Sees Strong Trading Volume – What’s Next?

iShares MSCI Canada ETF (NYSEARCA:EWC) saw unusually-high trading volume on Monday . Approximately 1,888,110 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 2,439,947 shares.The stock last traded at $40.33 and had previously closed at $41.22.

iShares MSCI Canada ETF Stock Down 1.2 %

The business has a fifty day simple moving average of $41.30 and a two-hundred day simple moving average of $40.71. The company has a market cap of $2.91 billion, a P/E ratio of 14.59 and a beta of 0.90.

Hedge Funds Weigh In On iShares MSCI Canada ETF

Large investors have recently added to or reduced their stakes in the company. Whittier Trust Co. boosted its stake in shares of iShares MSCI Canada ETF by 38.7% during the 3rd quarter. Whittier Trust Co. now owns 1,682 shares of the exchange traded fund’s stock worth $70,000 after purchasing an additional 469 shares during the period. Rosenberg Matthew Hamilton increased its holdings in shares of iShares MSCI Canada ETF by 20.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,023 shares of the exchange traded fund’s stock valued at $126,000 after acquiring an additional 523 shares during the period. Avior Wealth Management LLC purchased a new position in iShares MSCI Canada ETF during the 3rd quarter worth $148,000. Richardson Financial Services Inc. increased its holdings in shares of iShares MSCI Canada ETF by 9.4% during the third quarter. Richardson Financial Services Inc. now owns 4,362 shares of the exchange traded fund’s stock valued at $181,000 after acquiring an additional 374 shares in the last quarter. Finally, Lunt Capital Management Inc. purchased a new position in shares of iShares MSCI Canada ETF in the 3rd quarter valued at approximately $216,000.

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).