iShares MSCI Canada ETF (NYSEARCA:EWC) Sees Strong Trading Volume – Here’s Why

iShares MSCI Canada ETF (NYSEARCA:EWC) shares saw unusually-strong trading volume on Monday . Approximately 1,888,110 shares changed hands during trading, a decline of 23% from the previous session’s volume of 2,439,947 shares.The stock last traded at $40.33 and had previously closed at $41.22.

iShares MSCI Canada ETF Stock Performance

The firm has a market cap of $2.95 billion, a PE ratio of 14.59 and a beta of 0.90. The stock has a 50 day simple moving average of $41.22 and a two-hundred day simple moving average of $40.75.

Institutional Investors Weigh In On iShares MSCI Canada ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Whittier Trust Co. raised 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 buying an additional 469 shares during the period. IFP Advisors Inc increased its holdings in iShares MSCI Canada ETF by 141.4% in the 4th quarter. IFP Advisors Inc now owns 2,873 shares of the exchange traded fund’s stock worth $116,000 after acquiring an additional 1,683 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in iShares MSCI Canada ETF by 20.9% during the third quarter. Rosenberg Matthew Hamilton now owns 3,023 shares of the exchange traded fund’s stock valued at $126,000 after purchasing an additional 523 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in shares of iShares MSCI Canada ETF in the third quarter valued at about $148,000. Finally, Richardson Financial Services Inc. raised its position in shares of iShares MSCI Canada ETF by 9.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 4,362 shares of the exchange traded fund’s stock worth $181,000 after purchasing an additional 374 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).