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

Shares of iShares MSCI Canada ETF (NYSEARCA:EWC) reached a new 52-week high during trading on Monday . The company traded as high as $54.33 and last traded at $54.3050, with a volume of 802721 shares trading hands. The stock had previously closed at $53.68.

iShares MSCI Canada ETF Trading Up 0.1%

The company has a fifty day moving average price of $51.64 and a two-hundred day moving average price of $49.16. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 19.77 and a beta of 0.94.

Institutional Trading of iShares MSCI Canada ETF

Several large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its holdings in shares of iShares MSCI Canada ETF by 74.5% during the 3rd quarter. IFP Advisors Inc now owns 2,077 shares of the exchange traded fund’s stock worth $105,000 after acquiring an additional 887 shares during the period. Center For Asset Management LLC increased its position in iShares MSCI Canada ETF by 62.6% during the third quarter. Center For Asset Management LLC now owns 10,980 shares of the exchange traded fund’s stock worth $555,000 after purchasing an additional 4,226 shares during the last quarter. Vivaldi Capital Management LP increased its position in iShares MSCI Canada ETF by 8.9% during the third quarter. Vivaldi Capital Management LP now owns 6,624 shares of the exchange traded fund’s stock worth $335,000 after purchasing an additional 541 shares during the last quarter. XTX Topco Ltd purchased a new position in iShares MSCI Canada ETF during the third quarter worth about $514,000. Finally, Prelude Capital Management LLC acquired a new position in iShares MSCI Canada ETF in the 3rd quarter valued at about $281,000.

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.