iShares MSCI Canada ETF (NYSEARCA:EWC) Hits New 12-Month High – Should You Buy?

iShares MSCI Canada ETF (NYSEARCA:EWC) hit a new 52-week high on Tuesday . The stock traded as high as $58.97 and last traded at $58.93, with a volume of 41899 shares traded. The stock had previously closed at $58.51.

iShares MSCI Canada ETF Stock Performance

The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 19.77 and a beta of 0.86. The firm has a 50-day moving average price of $56.71 and a two-hundred day moving average price of $55.16.

Institutional Investors Weigh In On iShares MSCI Canada ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Lunt Capital Management Inc. increased its position in iShares MSCI Canada ETF by 4.3% during the fourth quarter. Lunt Capital Management Inc. now owns 4,700 shares of the exchange traded fund’s stock worth $253,000 after buying an additional 195 shares during the period. Dearborn Partners LLC increased its position in iShares MSCI Canada ETF by 2.4% during the fourth quarter. Dearborn Partners LLC now owns 8,700 shares of the exchange traded fund’s stock worth $469,000 after buying an additional 200 shares during the period. Cardinal Point Capital Management ULC increased its position in iShares MSCI Canada ETF by 1.0% during the first quarter. Cardinal Point Capital Management ULC now owns 19,404 shares of the exchange traded fund’s stock worth $1,063,000 after buying an additional 200 shares during the period. Kaizen Financial Strategies increased its position in iShares MSCI Canada ETF by 4.0% during the first quarter. Kaizen Financial Strategies now owns 5,210 shares of the exchange traded fund’s stock worth $302,000 after buying an additional 200 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in iShares MSCI Canada ETF by 10.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,201 shares of the exchange traded fund’s stock worth $119,000 after buying an additional 202 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.