Cumberland Advisors Inc. Makes New Investment in iShares MSCI Canada ETF $EWC

Cumberland Advisors Inc. bought a new stake in shares of iShares MSCI Canada ETF (NYSEARCA:EWC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 48,430 shares of the exchange traded fund’s stock, valued at approximately $2,827,000. iShares MSCI Canada ETF makes up approximately 1.0% of Cumberland Advisors Inc.’s investment portfolio, making the stock its 23rd largest position.

Other hedge funds have also made changes to their positions in the company. Boltwood Capital Management purchased a new stake in iShares MSCI Canada ETF in the third quarter worth about $613,000. NewEdge Advisors LLC grew its holdings in iShares MSCI Canada ETF by 231,072.0% during the 2nd quarter. NewEdge Advisors LLC now owns 115,586 shares of the exchange traded fund’s stock worth $6,662,000 after acquiring an additional 115,536 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in iShares MSCI Canada ETF by 11.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 159,019 shares of the exchange traded fund’s stock valued at $9,172,000 after purchasing an additional 16,951 shares during the period. Capstone Capital Management Ltd bought a new stake in shares of iShares MSCI Canada ETF in the 1st quarter valued at about $493,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of iShares MSCI Canada ETF by 8.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 118,505 shares of the exchange traded fund’s stock valued at $6,831,000 after purchasing an additional 8,933 shares in the last quarter.

iShares MSCI Canada ETF Stock Performance

Shares of EWC opened at $60.21 on Wednesday. The company has a 50 day moving average price of $60.36 and a 200-day moving average price of $58.33. iShares MSCI Canada ETF has a fifty-two week low of $49.31 and a fifty-two week high of $62.71. The stock has a market capitalization of $7.53 billion, a PE ratio of 19.77 and a beta of 0.86.

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.