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

iShares MSCI Canada ETF (NYSEARCA:EWC) reached a new 52-week high on Tuesday . The stock traded as high as $59.88 and last traded at $59.85, with a volume of 237585 shares traded. The stock had previously closed at $59.39.

iShares MSCI Canada ETF Stock Up 0.6%

The company has a market cap of $6.15 billion, a PE ratio of 19.77 and a beta of 0.86. The firm’s 50-day moving average is $58.50 and its 200-day moving average is $57.09.

Institutional Investors Weigh In On iShares MSCI Canada ETF

Several hedge funds have recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares MSCI Canada ETF in the 4th quarter worth approximately $34,000. Tucker Asset Management LLC bought a new stake in shares of iShares MSCI Canada ETF in the fourth quarter worth $46,000. Western Wealth Management LLC bought a new stake in shares of iShares MSCI Canada ETF during the 1st quarter valued at about $49,000. Optima Capital LLC purchased a new stake in iShares MSCI Canada ETF during the fourth quarter valued at approximately $52,000. Finally, Abound Financial LLC bought a new position in iShares MSCI Canada ETF in the 4th quarter worth $66,000.

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.