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 Thursday . The stock traded as high as $42.53 and last traded at $42.53, with a volume of 43643 shares traded. The stock had previously closed at $42.21.

iShares MSCI Canada ETF Price Performance

The stock has a market cap of $3.05 billion, a PE ratio of 14.59 and a beta of 0.90. The business has a fifty day moving average of $41.47 and a 200 day moving average of $39.36.

Institutional Trading of iShares MSCI Canada ETF

A number of institutional investors and hedge funds have recently made changes to their positions in EWC. Sei Investments Co. raised its position in shares of iShares MSCI Canada ETF by 93.9% during the 1st quarter. Sei Investments Co. now owns 32,415 shares of the exchange traded fund’s stock worth $1,241,000 after purchasing an additional 15,695 shares during the period. Acadian Asset Management LLC grew its holdings in iShares MSCI Canada ETF by 16.1% in the 1st quarter. Acadian Asset Management LLC now owns 52,743 shares of the exchange traded fund’s stock worth $2,016,000 after buying an additional 7,297 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in iShares MSCI Canada ETF by 2.5% in the 1st quarter. 1832 Asset Management L.P. now owns 39,770 shares of the exchange traded fund’s stock worth $1,522,000 after buying an additional 955 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in iShares MSCI Canada ETF by 88.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,124 shares of the exchange traded fund’s stock worth $1,115,000 after buying an additional 13,684 shares in the last quarter. Finally, Flow Traders U.S. LLC grew its holdings in iShares MSCI Canada ETF by 86.7% in the 1st quarter. Flow Traders U.S. LLC now owns 159,192 shares of the exchange traded fund’s stock worth $6,094,000 after buying an additional 73,944 shares in 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).