iShares MSCI Canada ETF (NYSEARCA:EWC) Hits New 1-Year High – Here’s Why

iShares MSCI Canada ETF (NYSEARCA:EWC) hit a new 52-week high during trading on Tuesday . The company traded as high as $60.07 and last traded at $60.02, with a volume of 2703892 shares changing hands. The stock had previously closed at $59.65.

iShares MSCI Canada ETF Stock Up 0.6%

The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 19.77 and a beta of 0.85. The business’s 50-day moving average is $58.56 and its 200-day moving average is $57.19.

Institutional Investors Weigh In On iShares MSCI Canada ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EWC. Polianta Ltd acquired a new position in shares of iShares MSCI Canada ETF in the 2nd quarter valued at $17,096,000. JGP Wealth Management LLC raised its position in shares of iShares MSCI Canada ETF by 26.1% in the second quarter. JGP Wealth Management LLC now owns 5,718 shares of the exchange traded fund’s stock worth $330,000 after acquiring an additional 1,183 shares during the period. Balefire LLC raised its position in shares of iShares MSCI Canada ETF by 5.9% in the second quarter. Balefire LLC now owns 4,744 shares of the exchange traded fund’s stock worth $273,000 after acquiring an additional 265 shares during the period. GAMMA Investing LLC boosted its stake in shares of iShares MSCI Canada ETF by 26.8% during the 2nd quarter. GAMMA Investing LLC now owns 153,123 shares of the exchange traded fund’s stock worth $8,826,000 after acquiring an additional 32,344 shares in the last quarter. Finally, Boltwood Capital Management grew its position in shares of iShares MSCI Canada ETF by 28.6% during the 2nd quarter. Boltwood Capital Management now owns 9,000 shares of the exchange traded fund’s stock valued at $519,000 after acquiring an additional 2,000 shares during the period.

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). 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.