iShares MSCI Canada ETF (NYSEARCA:EWC) Reaches New 52-Week High – Here’s Why

iShares MSCI Canada ETF (NYSEARCA:EWC)’s share price reached a new 52-week high on Thursday . The company traded as high as $42.25 and last traded at $42.19, with a volume of 2106979 shares traded. The stock had previously closed at $41.58.

iShares MSCI Canada ETF Stock Performance

The stock has a fifty day moving average of $41.05 and a 200-day moving average of $39.04. The company has a market cap of $3.01 billion, a PE ratio of 14.59 and a beta of 0.90.

Institutional Investors Weigh In On iShares MSCI Canada ETF

Several hedge funds have recently made changes to their positions in EWC. Daiwa Securities Group Inc. raised its holdings in shares of iShares MSCI Canada ETF by 75.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 21,260 shares of the exchange traded fund’s stock valued at $814,000 after purchasing an additional 9,170 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in iShares MSCI Canada ETF by 2.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 21,280 shares of the exchange traded fund’s stock worth $815,000 after buying an additional 433 shares during the period. Moneda S.A. Administradora General de Fondos boosted its position in iShares MSCI Canada ETF by 2.6% during the 1st quarter. Moneda S.A. Administradora General de Fondos now owns 43,666 shares of the exchange traded fund’s stock valued at $1,672,000 after acquiring an additional 1,103 shares in the last quarter. Metis Global Partners LLC bought a new stake in iShares MSCI Canada ETF during the 1st quarter valued at $5,106,000. Finally, Sei Investments Co. raised its position in shares of iShares MSCI Canada ETF by 93.9% in the 1st quarter. Sei Investments Co. now owns 32,415 shares of the exchange traded fund’s stock worth $1,241,000 after acquiring an additional 15,695 shares in the last quarter.

About iShares MSCI Canada ETF

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).