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

Shares of iShares MSCI Canada ETF (NYSEARCA:EWC) saw unusually-high trading volume on Monday . Approximately 1,888,110 shares were traded during mid-day 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 Trading Down 1.2 %

The company has a market cap of $2.91 billion, a price-to-earnings ratio of 14.59 and a beta of 0.90. The firm has a 50-day moving average price of $41.30 and a 200 day moving average price of $40.71.

Institutional Investors Weigh In On iShares MSCI Canada ETF

A number of institutional investors and hedge funds have recently modified their holdings of EWC. Marshall Wace LLP increased its position in iShares MSCI Canada ETF by 59.7% in the 2nd quarter. Marshall Wace LLP now owns 31,789 shares of the exchange traded fund’s stock worth $1,179,000 after purchasing an additional 11,889 shares during the last quarter. Sanctuary Advisors LLC bought a new position in iShares MSCI Canada ETF in the 2nd quarter worth $201,000. Onyx Bridge Wealth Group LLC bought a new stake in iShares MSCI Canada ETF during the 3rd quarter valued at approximately $5,422,000. Whittier Trust Co. grew its position in iShares MSCI Canada ETF by 38.7% in the 3rd quarter. Whittier Trust Co. now owns 1,682 shares of the exchange traded fund’s stock worth $70,000 after purchasing an additional 469 shares during the last quarter. Finally, Community Financial Services Group LLC raised its stake in iShares MSCI Canada ETF by 3.5% during the third quarter. Community Financial Services Group LLC now owns 19,103 shares of the exchange traded fund’s stock worth $793,000 after acquiring an additional 638 shares in 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).