iShares MSCI Canada ETF (NYSEARCA:EWC) Sees Large Volume Increase – Here’s Why

iShares MSCI Canada ETF (NYSEARCA:EWC) saw strong trading volume on Monday . 1,888,110 shares changed hands during 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 Performance

The company has a market cap of $2.95 billion, a P/E ratio of 14.59 and a beta of 0.90. The business’s fifty day moving average is $41.22 and its two-hundred day moving average is $40.75.

Institutional Investors Weigh In On iShares MSCI Canada ETF

Several large investors have recently modified their holdings of the business. Stifel Financial Corp lifted its position in shares of iShares MSCI Canada ETF by 49.8% during the third quarter. Stifel Financial Corp now owns 52,151 shares of the exchange traded fund’s stock valued at $2,165,000 after buying an additional 17,337 shares during the last quarter. Whittier Trust Co. raised 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 acquiring an additional 469 shares in the last quarter. Quantinno Capital Management LP lifted its position in iShares MSCI Canada ETF by 32.0% during the third quarter. Quantinno Capital Management LP now owns 26,639 shares of the exchange traded fund’s stock valued at $1,106,000 after acquiring an additional 6,452 shares during the last quarter. FMR LLC boosted its stake in iShares MSCI Canada ETF by 47.7% in the third quarter. FMR LLC now owns 119,557 shares of the exchange traded fund’s stock valued at $4,964,000 after acquiring an additional 38,596 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in iShares MSCI Canada ETF in the third quarter worth $435,000.

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).