iShares MSCI Canada ETF (NYSEARCA:EWC) Hits New 12-Month High – Still a Buy?

iShares MSCI Canada ETF (NYSEARCA:EWC) reached a new 52-week high during trading on Monday . The stock traded as high as $61.34 and last traded at $61.27, with a volume of 48831 shares trading hands. The stock had previously closed at $61.30.

iShares MSCI Canada ETF Trading Up 0.0%

The company has a market capitalization of $6.35 billion, a P/E ratio of 19.77 and a beta of 0.86. The firm’s 50 day moving average price is $58.83 and its two-hundred day moving average price is $57.44.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EWC. Goldman Sachs Group Inc. boosted its stake in shares of iShares MSCI Canada ETF by 1.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,534,679 shares of the exchange traded fund’s stock worth $62,538,000 after buying an additional 21,113 shares during the last quarter. Sei Investments Co. increased its position in shares of iShares MSCI Canada ETF by 5.5% in the second quarter. Sei Investments Co. now owns 18,604 shares of the exchange traded fund’s stock valued at $860,000 after acquiring an additional 974 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of iShares MSCI Canada ETF by 21.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 19,541 shares of the exchange traded fund’s stock valued at $903,000 after acquiring an additional 3,452 shares during the last quarter. Quantinno Capital Management LP raised its holdings in iShares MSCI Canada ETF by 8.5% during the second quarter. Quantinno Capital Management LP now owns 40,675 shares of the exchange traded fund’s stock worth $1,879,000 after acquiring an additional 3,198 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in iShares MSCI Canada ETF by 8.4% during the second quarter. Ameriprise Financial Inc. now owns 743,924 shares of the exchange traded fund’s stock worth $34,373,000 after acquiring an additional 57,457 shares in 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). 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.