iShares MSCI Canada ETF (NYSEARCA:EWC) Hits New 12-Month High – Should You Buy?

Shares of iShares MSCI Canada ETF (NYSEARCA:EWC) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $42.53 and last traded at $42.53, with a volume of 43643 shares. The stock had previously closed at $42.21.

iShares MSCI Canada ETF Stock Performance

The firm has a market capitalization of $3.05 billion, a P/E 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.

Hedge Funds Weigh In On iShares MSCI Canada ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Maia Wealth LLC bought a new stake in shares of iShares MSCI Canada ETF during the 2nd quarter worth $412,000. Whittier Trust Co. boosted its stake in shares of iShares MSCI Canada ETF by 38.7% during the 3rd quarter. Whittier Trust Co. now owns 1,682 shares of the exchange traded fund’s stock worth $70,000 after acquiring an additional 469 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of iShares MSCI Canada ETF by 12.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,954 shares of the exchange traded fund’s stock worth $295,000 after acquiring an additional 888 shares in the last quarter. Caprock Group LLC boosted its stake in shares of iShares MSCI Canada ETF by 2.8% during the 2nd quarter. Caprock Group LLC now owns 10,774 shares of the exchange traded fund’s stock worth $400,000 after acquiring an additional 290 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of iShares MSCI Canada ETF by 88.6% during 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 acquiring an additional 13,684 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).