iShares MSCI Canada ETF (NYSEARCA:EWC) Hits New 52-Week High – Here’s Why

iShares MSCI Canada ETF (NYSEARCA:EWC)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $62.55 and last traded at $62.42, with a volume of 3741550 shares traded. The stock had previously closed at $62.23.

iShares MSCI Canada ETF Stock Performance

The stock has a 50-day moving average of $59.18 and a 200-day moving average of $57.65. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 19.77 and a beta of 0.86.

Institutional Trading of iShares MSCI Canada ETF

A number of institutional investors have recently made changes to their positions in EWC. The Manufacturers Life Insurance Company increased its stake in iShares MSCI Canada ETF by 52.4% in 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 last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of iShares MSCI Canada ETF by 1,675.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,178,045 shares of the exchange traded fund’s stock valued at $171,392,000 after acquiring an additional 2,999,053 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of iShares MSCI Canada ETF by 8.1% in the 1st 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 in the last quarter. Assetmark Inc. increased its position in shares of iShares MSCI Canada ETF by 5.4% in 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. Finally, Korea Investment CORP increased its position in shares of iShares MSCI Canada ETF by 5.7% in 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.

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.