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

iShares MSCI Canada ETF (NYSEARCA:EWC) shares hit a new 52-week high on Wednesday . The company traded as high as $59.69 and last traded at $59.61, with a volume of 109641 shares trading hands. The stock had previously closed at $59.05.

iShares MSCI Canada ETF Trading Up 0.4%

The stock’s fifty day moving average price is $58.32 and its 200 day moving average price is $56.88. The stock has a market cap of $6.06 billion, a P/E ratio of 19.77 and a beta of 0.86.

Hedge Funds Weigh In On iShares MSCI Canada ETF

A number of large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its position in iShares MSCI Canada ETF by 52.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,841,833 shares of the exchange traded fund’s stock valued at $265,284,000 after buying an additional 1,663,788 shares during the period. Bank of America Corp DE increased its position in shares of iShares MSCI Canada ETF by 8.1% in the first quarter. Bank of America Corp DE now owns 2,081,714 shares of the exchange traded fund’s stock valued at $114,057,000 after acquiring an additional 156,792 shares during the period. Assetmark Inc. raised its stake in shares of iShares MSCI Canada ETF by 5.4% during the first quarter. Assetmark Inc. now owns 1,800,052 shares of the exchange traded fund’s stock valued at $98,625,000 after acquiring an additional 91,652 shares during the last quarter. Korea Investment CORP raised its stake in shares of iShares MSCI Canada ETF by 5.7% during the fourth quarter. Korea Investment CORP now owns 1,757,957 shares of the exchange traded fund’s stock valued at $94,807,000 after acquiring an additional 94,857 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of iShares MSCI Canada ETF by 1.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,534,679 shares of the exchange traded fund’s stock worth $62,538,000 after purchasing an additional 21,113 shares during the period.

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.