iShares MSCI Canada ETF (NYSEARCA:EWC) Sets New 1-Year High – Still a Buy?

iShares MSCI Canada ETF (NYSEARCA:EWC)’s share price reached a new 52-week high on Thursday . The company traded as high as $55.30 and last traded at $55.2710, with a volume of 253023 shares. The stock had previously closed at $55.18.

iShares MSCI Canada ETF Trading Up 0.2%

The stock has a market capitalization of $3.96 billion, a P/E ratio of 19.77 and a beta of 0.94. The company has a 50-day moving average price of $52.90 and a 200 day moving average price of $50.14.

Institutional Trading of iShares MSCI Canada ETF

A number of institutional investors have recently modified their holdings of the company. American National Bank & Trust bought a new position in shares of iShares MSCI Canada ETF during the 3rd quarter worth approximately $25,000. Financial Life Planners acquired a new position in shares of iShares MSCI Canada ETF during the third quarter worth $35,000. USA Financial Formulas boosted its position in shares of iShares MSCI Canada ETF by 1,789.2% in the 4th quarter. USA Financial Formulas now owns 1,398 shares of the exchange traded fund’s stock worth $75,000 after purchasing an additional 1,324 shares in the last quarter. Huntington National Bank boosted its position in shares of iShares MSCI Canada ETF by 171,000.0% in the 3rd quarter. Huntington National Bank now owns 1,711 shares of the exchange traded fund’s stock worth $86,000 after purchasing an additional 1,710 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in iShares MSCI Canada ETF by 74.5% during the 3rd quarter. IFP Advisors Inc now owns 2,077 shares of the exchange traded fund’s stock worth $105,000 after buying an additional 887 shares during the last quarter.

iShares MSCI Canada ETF Company 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). 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.