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

iShares MSCI Canada ETF (NYSEARCA:EWC) reached a new 52-week high during trading on Wednesday . The company traded as high as $56.64 and last traded at $56.12, with a volume of 1037966 shares trading hands. The stock had previously closed at $56.18.

iShares MSCI Canada ETF Price Performance

The firm’s 50 day moving average price is $53.99 and its two-hundred day moving average price is $50.82. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 19.77 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. American National Bank & Trust acquired a new stake in shares of iShares MSCI Canada ETF during the third quarter worth $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in iShares MSCI Canada ETF during the 4th quarter worth $34,000. Financial Life Planners acquired a new stake in shares of iShares MSCI Canada ETF in the 3rd quarter worth $35,000. Optima Capital LLC purchased a new stake in shares of iShares MSCI Canada ETF in the fourth quarter valued at about $52,000. Finally, USA Financial Formulas boosted its holdings in shares of iShares MSCI Canada ETF by 1,789.2% in the fourth quarter. USA Financial Formulas now owns 1,398 shares of the exchange traded fund’s stock valued at $75,000 after acquiring an additional 1,324 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). 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.