iShares MSCI Canada ETF (NYSEARCA:EWC) Hits New 1-Year High – What’s Next?

Shares of iShares MSCI Canada ETF (NYSEARCA:EWC) reached a new 52-week high on Wednesday . The stock traded as high as $51.58 and last traded at $51.5760, with a volume of 432553 shares. The stock had previously closed at $51.04.

iShares MSCI Canada ETF Price Performance

The firm has a 50-day moving average of $50.34 and a 200 day moving average of $47.36. The company has a market capitalization of $3.46 billion, a PE ratio of 19.77 and a beta of 0.94.

Institutional Investors Weigh In On iShares MSCI Canada ETF

Hedge funds have recently added to or reduced their stakes in the stock. New Vernon Capital Holdings II LLC raised its stake in iShares MSCI Canada ETF by 5,813.7% during the first quarter. New Vernon Capital Holdings II LLC now owns 4,121,700 shares of the exchange traded fund’s stock valued at $167,959,000 after purchasing an additional 4,052,002 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of iShares MSCI Canada ETF in the 2nd quarter worth $51,589,000. BNP Paribas Financial Markets grew its stake in shares of iShares MSCI Canada ETF by 317.4% in the 1st quarter. BNP Paribas Financial Markets now owns 1,468,325 shares of the exchange traded fund’s stock worth $59,834,000 after buying an additional 1,116,521 shares in the last quarter. Bank of Nova Scotia bought a new stake in shares of iShares MSCI Canada ETF in the 2nd quarter worth about $40,619,000. Finally, Strs Ohio purchased a new stake in shares of iShares MSCI Canada ETF during the 1st quarter valued at about $34,214,000.

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).