iShares MSCI Canada ETF (NYSEARCA:EWC) Sets New 12-Month High – What’s Next?

iShares MSCI Canada ETF (NYSEARCA:EWC)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $62.55 and last traded at $62.42, with a volume of 3741550 shares traded. The stock had previously closed at $62.23.

iShares MSCI Canada ETF Price Performance

The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 19.77 and a beta of 0.86. The stock has a 50-day moving average of $59.03 and a 200 day moving average of $57.57.

Hedge Funds Weigh In On iShares MSCI Canada ETF

Several large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in iShares MSCI Canada ETF by 1,675.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,178,045 shares of the exchange traded fund’s stock worth $171,392,000 after acquiring an additional 2,999,053 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of iShares MSCI Canada ETF by 52.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,841,833 shares of the exchange traded fund’s stock valued at $265,284,000 after purchasing an additional 1,663,788 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of iShares MSCI Canada ETF in the 2nd quarter worth $51,589,000. Graham Capital Management L.P. grew its stake in shares of iShares MSCI Canada ETF by 525.5% during the fourth quarter. Graham Capital Management L.P. now owns 806,849 shares of the exchange traded fund’s stock worth $43,513,000 after purchasing an additional 677,849 shares during the period. Finally, Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of iShares MSCI Canada ETF during the first quarter worth $30,134,000.

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). 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.