iShares MSCI Canada ETF (NYSEARCA:EWC) Sets New 52-Week High – Here’s What Happened

iShares MSCI Canada ETF (NYSEARCA:EWC) reached a new 52-week high during trading on Tuesday . The stock traded as high as $60.07 and last traded at $60.02, with a volume of 2703892 shares. The stock had previously closed at $59.65.

iShares MSCI Canada ETF Price Performance

The firm’s fifty day moving average price is $58.64 and its two-hundred day moving average price is $57.26. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 19.77 and a beta of 0.85.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in shares of iShares MSCI Canada ETF by 1.4% in 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 last quarter. Sei Investments Co. raised its position in iShares MSCI Canada ETF by 5.5% in the 2nd quarter. Sei Investments Co. now owns 18,604 shares of the exchange traded fund’s stock valued at $860,000 after buying an additional 974 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in iShares MSCI Canada ETF by 21.5% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 19,541 shares of the exchange traded fund’s stock valued at $903,000 after acquiring an additional 3,452 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in iShares MSCI Canada ETF by 8.5% during the 2nd quarter. Quantinno Capital Management LP now owns 40,675 shares of the exchange traded fund’s stock worth $1,879,000 after acquiring an additional 3,198 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in iShares MSCI Canada ETF by 8.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 743,924 shares of the exchange traded fund’s stock worth $34,373,000 after acquiring an additional 57,457 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.