iShares MSCI Canada ETF (NYSEARCA:EWC) Reaches New 1-Year High – Time to Buy?

iShares MSCI Canada ETF (NYSEARCA:EWC)’s share price hit a new 52-week high on Thursday . The company traded as high as $55.30 and last traded at $55.2710, with a volume of 253023 shares. The stock had previously closed at $55.18.

iShares MSCI Canada ETF Stock Performance

The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 19.77 and a beta of 0.94. The business’s 50 day moving average is $53.11 and its 200-day moving average is $50.24.

Institutional Trading of iShares MSCI Canada ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. American National Bank & Trust acquired a new position in shares of iShares MSCI Canada ETF during the third quarter valued at about $25,000. Financial Life Planners bought a new position in iShares MSCI Canada ETF during the third quarter valued at about $35,000. USA Financial Formulas raised its holdings in iShares MSCI Canada ETF by 1,789.2% in the 4th quarter. USA Financial Formulas now owns 1,398 shares of the exchange traded fund’s stock valued at $75,000 after acquiring an additional 1,324 shares in the last quarter. Huntington National Bank lifted its position in shares of iShares MSCI Canada ETF by 171,000.0% in the 3rd quarter. Huntington National Bank now owns 1,711 shares of the exchange traded fund’s stock worth $86,000 after acquiring an additional 1,710 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of iShares MSCI Canada ETF by 74.5% during the 3rd quarter. IFP Advisors Inc now owns 2,077 shares of the exchange traded fund’s stock worth $105,000 after purchasing an additional 887 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.