iShares MSCI Canada ETF (NYSEARCA:EWC) Sets New 12-Month High – Here’s Why

Shares of iShares MSCI Canada ETF (NYSEARCA:EWC) hit a new 52-week high during trading on Wednesday . The company traded as high as $59.69 and last traded at $59.61, with a volume of 109641 shares. The stock had previously closed at $59.05.

iShares MSCI Canada ETF Stock Performance

The company’s 50-day moving average price is $58.32 and its 200 day moving average price is $56.88. The stock has a market capitalization of $6.06 billion, a PE ratio of 19.77 and a beta of 0.86.

Institutional Trading of iShares MSCI Canada ETF

Institutional investors have recently made changes to their positions in the stock. Ascent Group LLC raised its position in iShares MSCI Canada ETF by 411.5% in the fourth quarter. Ascent Group LLC now owns 32,205 shares of the exchange traded fund’s stock worth $1,737,000 after acquiring an additional 25,909 shares during the period. Providence First Trust Co bought a new stake in iShares MSCI Canada ETF during the fourth quarter valued at about $1,249,000. Mutual Advisors LLC purchased a new position in shares of iShares MSCI Canada ETF in the fourth quarter valued at about $611,000. Ferguson Wellman Capital Management Inc. purchased a new position in shares of iShares MSCI Canada ETF in the first quarter valued at about $1,635,000. Finally, UBS Group AG boosted its stake in shares of iShares MSCI Canada ETF by 54.7% in the fourth quarter. UBS Group AG now owns 532,095 shares of the exchange traded fund’s stock worth $28,696,000 after acquiring an additional 188,150 shares during the period.

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). 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.