Summit Rock Advisors LP bought a new stake in shares of iShares MSCI Canada ETF (NYSEARCA:EWC – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 460,458 shares of the exchange traded fund’s stock, valued at approximately $26,882,000. iShares MSCI Canada ETF accounts for about 57.2% of Summit Rock Advisors LP’s investment portfolio, making the stock its largest position.
Other hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in iShares MSCI Canada ETF by 52.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,841,833 shares of the exchange traded fund’s stock worth $265,284,000 after purchasing an additional 1,663,788 shares during the period. Bank of America Corp DE raised its stake in shares of iShares MSCI Canada ETF by 8.1% during the 1st quarter. Bank of America Corp DE now owns 2,081,714 shares of the exchange traded fund’s stock valued at $114,057,000 after buying an additional 156,792 shares during the last quarter. Assetmark Inc. raised its stake in shares of iShares MSCI Canada ETF by 5.4% during the 1st quarter. Assetmark Inc. now owns 1,800,052 shares of the exchange traded fund’s stock valued at $98,625,000 after buying an additional 91,652 shares during the last quarter. Stairway Partners LLC acquired a new position in shares of iShares MSCI Canada ETF in the 3rd quarter valued at about $47,867,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of iShares MSCI Canada ETF by 61.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 551,146 shares of the exchange traded fund’s stock valued at $30,197,000 after buying an additional 210,000 shares during the period.
iShares MSCI Canada ETF Stock Up 1.8%
Shares of EWC opened at $60.33 on Friday. iShares MSCI Canada ETF has a 52 week low of $49.31 and a 52 week high of $62.71. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 19.77 and a beta of 0.87. The stock’s 50-day moving average price is $60.62 and its 200-day moving average price is $58.99.
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). 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.
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