iShares MSCI Canada ETF (NYSEARCA:EWC) Hits New 52-Week High – Should You Buy?

Shares of iShares MSCI Canada ETF (NYSEARCA:EWC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $43.39 and last traded at $42.99, with a volume of 776080 shares traded. The stock had previously closed at $42.85.

iShares MSCI Canada ETF Stock Performance

The company’s 50 day simple moving average is $40.82 and its 200 day simple moving average is $41.24. The stock has a market cap of $2.76 billion, a PE ratio of 19.35 and a beta of 0.95.

Institutional Trading of iShares MSCI Canada ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bernard Wealth Management Corp. purchased a new position in shares of iShares MSCI Canada ETF in the 4th quarter worth about $26,000. Wayfinding Financial LLC bought a new position in iShares MSCI Canada ETF during the first quarter valued at $27,000. HM Payson & Co. raised its stake in shares of iShares MSCI Canada ETF by 100.0% in the fourth quarter. HM Payson & Co. now owns 740 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 370 shares during the period. Allworth Financial LP lifted its position in shares of 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 valued at $30,000 after buying an additional 482 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new position in shares of iShares MSCI Canada ETF during the 1st quarter worth $37,000.

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).