MGO Private Wealth LLC Cuts Holdings in iShares MSCI Canada ETF $EWC

MGO Private Wealth LLC decreased its position in iShares MSCI Canada ETF (NYSEARCA:EWC) by 10.2% in the second quarter, Holdings Channel reports. The institutional investor owned 36,653 shares of the exchange traded fund’s stock after selling 4,172 shares during the period. iShares MSCI Canada ETF accounts for about 1.1% of MGO Private Wealth LLC’s portfolio, making the stock its 22nd largest position. MGO Private Wealth LLC’s holdings in iShares MSCI Canada ETF were worth $1,693,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its holdings in iShares MSCI Canada ETF by 72.5% in the second quarter. Checchi Capital Advisers LLC now owns 148,698 shares of the exchange traded fund’s stock valued at $6,870,000 after buying an additional 62,493 shares in the last quarter. USA Financial Formulas purchased a new position in iShares MSCI Canada ETF in the second quarter valued at $953,000. Institute for Wealth Management LLC. purchased a new stake in shares of iShares MSCI Canada ETF during the second quarter worth about $215,000. Brueske Advisory Services LLC purchased a new stake in shares of iShares MSCI Canada ETF during the second quarter worth about $1,017,000. Finally, TRU Independence Asset Management 2 LLC increased its stake in shares of iShares MSCI Canada ETF by 8.7% during the second quarter. TRU Independence Asset Management 2 LLC now owns 10,261 shares of the exchange traded fund’s stock worth $474,000 after purchasing an additional 820 shares in the last quarter.

iShares MSCI Canada ETF Stock Up 1.3%

EWC stock opened at $51.24 on Friday. The stock has a market capitalization of $3.42 billion, a P/E ratio of 19.77 and a beta of 1.02. The firm has a 50-day simple moving average of $48.62 and a 200-day simple moving average of $45.36. iShares MSCI Canada ETF has a 52 week low of $36.70 and a 52 week high of $51.26.

iShares MSCI Canada ETF Profile

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).