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 on Tuesday . The stock traded as high as $62.59 and last traded at $62.51, with a volume of 441424 shares trading hands. The stock had previously closed at $62.12.

Key Stories Impacting iShares MSCI Canada ETF

Here are the key news stories impacting iShares MSCI Canada ETF this week:

• Positive Sentiment: Bank of America said the tariffs should have a relatively modest direct effect on Canadian economic growth, limiting the immediate earnings impact for many companies. The measures are also scheduled to take effect or expand later, giving businesses and policymakers time to adapt. US-Canada trade collapse a modest direct hit, Bank of America says
• Neutral Sentiment: Market commentary indicates investors have not broadly panicked over the trade dispute, and global-market monitoring remains focused on whether the conflict produces a sustained economic slowdown rather than a short-lived headline shock. Markets are not being spooked by US-Canada trade debacle
• Negative Sentiment: President Trump threatened to impose 50% tariffs on Canadian cars, trucks, auto parts and steel beginning in January 2027. These measures could pressure Canada’s major automotive and manufacturing industries, which are important components of the Canadian economy. Trump threatens tariffs on all cars and trucks to 50%
• Negative Sentiment: Trade negotiations have collapsed, Canada says a near-term agreement is unlikely, and Ottawa is preparing dollar-for-dollar retaliation against U.S. goods. The escalation raises costs for cross-border commerce and increases the risk of weaker business confidence and delayed investment. Canada poised to retaliate against Trump tariffs
• Negative Sentiment: Analysts estimate the broader tariffs could affect roughly 90,000 jobs, with smaller businesses potentially receiving less government support. Further threats to electricity and mineral exports add to uncertainty for Canadian companies and investors. US-Canada Trade War: What Happens Next?

iShares MSCI Canada ETF Trading Up 0.7%

The stock has a market capitalization of $6.46 billion, a P/E ratio of 19.77 and a beta of 0.86. The business has a fifty day simple moving average of $59.46 and a 200 day simple moving average of $57.85.

Institutional Investors Weigh In On iShares MSCI Canada ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in shares of iShares MSCI Canada ETF by 1.4% in 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 acquiring an additional 21,113 shares in the last quarter. Sei Investments Co. lifted its position in shares of iShares MSCI Canada ETF by 5.5% during the second quarter. Sei Investments Co. now owns 18,604 shares of the exchange traded fund’s stock valued at $860,000 after purchasing an additional 974 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in iShares MSCI Canada ETF by 21.5% during 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 worth $903,000 after purchasing an additional 3,452 shares during the last quarter. Quantinno Capital Management LP boosted 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 purchasing an additional 3,198 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in iShares MSCI Canada ETF by 8.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 743,924 shares of the exchange traded fund’s stock worth $34,373,000 after purchasing 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.