iShares MSCI Canada ETF (NYSEARCA:EWC) Sees Unusually-High Trading Volume – Here’s What Happened

iShares MSCI Canada ETF (NYSEARCA:EWC) saw unusually-strong trading volume on Thursday . Approximately 1,405,557 shares were traded during mid-day trading, a decline of 34% from the previous session’s volume of 2,134,599 shares.The stock last traded at $40.99 and had previously closed at $41.04.

iShares MSCI Canada ETF Stock Performance

The business’s fifty day moving average price is $41.05 and its two-hundred day moving average price is $41.26. The stock has a market capitalization of $2.63 billion, a P/E ratio of 19.10 and a beta of 1.05.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new stake in shares of iShares MSCI Canada ETF in the fourth quarter worth approximately $26,000. HM Payson & Co. increased its stake in 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 worth $30,000 after purchasing an additional 370 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in iShares MSCI Canada ETF in the fourth quarter worth $83,000. Bessemer Group Inc. boosted its stake in shares of iShares MSCI Canada ETF by 65.0% during the fourth quarter. Bessemer Group Inc. now owns 2,640 shares of the exchange traded fund’s stock valued at $106,000 after purchasing an additional 1,040 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of iShares MSCI Canada ETF by 141.4% in the fourth quarter. IFP Advisors Inc now owns 2,873 shares of the exchange traded fund’s stock worth $116,000 after purchasing an additional 1,683 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).