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

Shares of iShares MSCI Canada ETF (NYSEARCA:EWC) reached a new 52-week high on Monday . The company traded as high as $61.34 and last traded at $61.27, with a volume of 48831 shares. The stock had previously closed at $61.30.

iShares MSCI Canada ETF Trading Up 0.1%

The firm has a fifty day simple moving average of $58.73 and a 200 day simple moving average of $57.34. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 19.77 and a beta of 0.86.

Institutional Trading of iShares MSCI Canada ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Lunt Capital Management Inc. boosted its position in iShares MSCI Canada ETF by 4.3% during the 4th quarter. Lunt Capital Management Inc. now owns 4,700 shares of the exchange traded fund’s stock worth $253,000 after acquiring an additional 195 shares during the last quarter. Dearborn Partners LLC raised its holdings in shares of iShares MSCI Canada ETF by 2.4% in the fourth quarter. Dearborn Partners LLC now owns 8,700 shares of the exchange traded fund’s stock valued at $469,000 after purchasing an additional 200 shares during the last quarter. Cardinal Point Capital Management ULC lifted its position in shares of iShares MSCI Canada ETF by 1.0% in the first quarter. Cardinal Point Capital Management ULC now owns 19,404 shares of the exchange traded fund’s stock worth $1,063,000 after purchasing an additional 200 shares in the last quarter. Kaizen Financial Strategies lifted its position in shares of iShares MSCI Canada ETF by 4.0% in the first quarter. Kaizen Financial Strategies now owns 5,210 shares of the exchange traded fund’s stock worth $302,000 after purchasing an additional 200 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in iShares MSCI Canada ETF by 10.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,201 shares of the exchange traded fund’s stock worth $119,000 after purchasing an additional 202 shares during 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). 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.