iShares MSCI Canada ETF (NYSEARCA:EWC) Reaches New 52-Week High – Still a Buy?

iShares MSCI Canada ETF (NYSEARCA:EWC)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $57.20 and last traded at $57.0870, with a volume of 1827 shares traded. The stock had previously closed at $56.72.

iShares MSCI Canada ETF Stock Down 0.7%

The stock has a market capitalization of $4.17 billion, a PE ratio of 19.77 and a beta of 0.94. The stock has a fifty day moving average of $54.52 and a 200-day moving average of $51.35.

Institutional Investors Weigh In On iShares MSCI Canada ETF

A number of large investors have recently modified their holdings of the company. American National Bank & Trust purchased a new stake in shares of iShares MSCI Canada ETF during the 3rd quarter worth $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares MSCI Canada ETF in the fourth quarter valued at $34,000. Financial Life Planners acquired a new stake in iShares MSCI Canada ETF in the third quarter valued at $35,000. Tucker Asset Management LLC purchased a new stake in iShares MSCI Canada ETF during the 4th quarter worth about $46,000. Finally, Optima Capital LLC acquired a new position in shares of iShares MSCI Canada ETF during the 4th quarter worth about $52,000.

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.