Royal Bank of Canada Cuts Stock Holdings in iShares MSCI Mexico ETF $EWW

Royal Bank of Canada lowered its holdings in iShares MSCI Mexico ETF (NYSEARCA:EWW) by 11.5% in the 1st quarter, HoldingsChannel reports. The firm owned 169,448 shares of the exchange traded fund’s stock after selling 21,992 shares during the quarter. Royal Bank of Canada’s holdings in iShares MSCI Mexico ETF were worth $12,747,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Creative Planning purchased a new stake in iShares MSCI Mexico ETF during the second quarter worth $203,000. Cresset Asset Management LLC lifted its stake in shares of iShares MSCI Mexico ETF by 27.2% during the 2nd quarter. Cresset Asset Management LLC now owns 9,597 shares of the exchange traded fund’s stock worth $581,000 after purchasing an additional 2,053 shares during the last quarter. Bank of Nova Scotia boosted its position in iShares MSCI Mexico ETF by 26.7% during the second quarter. Bank of Nova Scotia now owns 14,363 shares of the exchange traded fund’s stock valued at $870,000 after purchasing an additional 3,027 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in iShares MSCI Mexico ETF in the second quarter valued at about $27,605,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in iShares MSCI Mexico ETF in the second quarter worth about $196,000.

iShares MSCI Mexico ETF Stock Performance

EWW stock opened at $77.52 on Friday. The firm has a 50-day simple moving average of $76.08 and a two-hundred day simple moving average of $76.87. iShares MSCI Mexico ETF has a one year low of $60.44 and a one year high of $81.65. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 12.85 and a beta of 0.77.

iShares MSCI Mexico ETF Company Profile

iShares MSCI Mexico Capped ETF (the Fund), formerly iShares MSCI Mexico Capped Investable Market Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Mexico IMI 25/50 Index (the Index). The Index consists of stocks traded primarily on the Mexican Stock Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.