The Manufacturers Life Insurance Company Sells 4,479,771 Shares of iShares MSCI Canada ETF $EWC

The Manufacturers Life Insurance Company cut its stake in shares of iShares MSCI Canada ETF (NYSEARCA:EWC) by 92.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 362,062 shares of the exchange traded fund’s stock after selling 4,479,771 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.35% of iShares MSCI Canada ETF worth $20,869,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE grew its stake in 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 worth $114,057,000 after purchasing an additional 156,792 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of iShares MSCI Canada ETF by 5.4% in the 1st quarter. Assetmark Inc. now owns 1,800,052 shares of the exchange traded fund’s stock worth $98,625,000 after buying an additional 91,652 shares during the period. Korea Investment CORP grew its position in shares of iShares MSCI Canada ETF by 5.7% during the 4th quarter. Korea Investment CORP now owns 1,757,957 shares of the exchange traded fund’s stock worth $94,807,000 after buying an additional 94,857 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of iShares MSCI Canada ETF by 1.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,534,679 shares of the exchange traded fund’s stock worth $62,538,000 after buying an additional 21,113 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of iShares MSCI Canada ETF during the second quarter valued at $51,589,000.

iShares MSCI Canada ETF Price Performance

EWC stock opened at $60.58 on Friday. The business has a 50-day moving average price of $60.51 and a 200 day moving average price of $58.38. The company has a market capitalization of $6.25 billion, a P/E ratio of 19.77 and a beta of 0.86. iShares MSCI Canada ETF has a 1-year low of $49.31 and a 1-year high of $62.71.

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.