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

iShares MSCI Canada ETF (NYSEARCA:EWC)’s stock price reached a new 52-week high on Monday . The stock traded as high as $43.39 and last traded at $42.99, with a volume of 776080 shares. The stock had previously closed at $42.85.

iShares MSCI Canada ETF Price Performance

The business’s 50-day moving average is $40.82 and its 200 day moving average is $41.24. The firm has a market capitalization of $2.76 billion, a P/E ratio of 19.35 and a beta of 0.95.

Institutional Investors Weigh In On iShares MSCI Canada ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its stake in iShares MSCI Canada ETF by 636.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,293 shares of the exchange traded fund’s stock valued at $334,000 after purchasing an additional 7,167 shares during the last quarter. PNC Financial Services Group Inc. grew its position in iShares MSCI Canada ETF by 1.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 88,961 shares of the exchange traded fund’s stock worth $3,585,000 after acquiring an additional 1,039 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in iShares MSCI Canada ETF by 9.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,370 shares of the exchange traded fund’s stock valued at $942,000 after purchasing an additional 1,995 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of iShares MSCI Canada ETF by 2,355.5% during the fourth quarter. Jones Financial Companies Lllp now owns 5,181 shares of the exchange traded fund’s stock valued at $209,000 after purchasing an additional 4,970 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of iShares MSCI Canada ETF by 10.4% during the fourth quarter. Russell Investments Group Ltd. now owns 76,896 shares of the exchange traded fund’s stock worth $3,099,000 after purchasing an additional 7,220 shares during the last quarter.

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).