iShares MSCI Canada ETF (NYSEARCA:EWC) Reaches New 52-Week High – What’s Next?

iShares MSCI Canada ETF (NYSEARCA:EWC) hit a new 52-week high on Thursday . The company traded as high as $55.51 and last traded at $55.3540, with a volume of 457200 shares changing hands. The stock had previously closed at $55.02.

iShares MSCI Canada ETF Price Performance

The company has a 50 day simple moving average of $53.34 and a 200-day simple moving average of $50.45. The firm has a market cap of $4.00 billion, a PE ratio of 19.77 and a beta of 0.94.

Hedge Funds Weigh In On iShares MSCI Canada ETF

A number of large investors have recently added to or reduced their stakes in EWC. Allspring Global Investments Holdings LLC grew its stake in shares of iShares MSCI Canada ETF by 8.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 341,146 shares of the exchange traded fund’s stock worth $17,245,000 after purchasing an additional 26,733 shares during the last quarter. Bank of Nova Scotia purchased a new position in iShares MSCI Canada ETF during the 2nd quarter valued at about $40,619,000. Wealthfront Advisers LLC bought a new position in iShares MSCI Canada ETF during the 2nd quarter valued at approximately $230,000. Colton Groome Financial Advisors LLC purchased a new stake in iShares MSCI Canada ETF in the 2nd quarter worth approximately $2,457,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in iShares MSCI Canada ETF in the 2nd quarter worth approximately $792,000.

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.