iShares MSCI Canada ETF (NYSEARCA:EWC) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares MSCI Canada ETF (NYSEARCA:EWC) saw unusually-high trading volume on Thursday . Approximately 1,405,557 shares traded hands during trading, a decline of 34% from the previous session’s volume of 2,134,599 shares.The stock last traded at $40.99 and had previously closed at $41.04.

iShares MSCI Canada ETF Stock Performance

The firm has a market cap of $2.63 billion, a P/E ratio of 19.10 and a beta of 1.05. The business has a 50-day simple moving average of $41.05 and a 200 day simple moving average of $41.26.

Hedge Funds Weigh In On iShares MSCI Canada ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in shares of iShares MSCI Canada ETF by 87.3% during the 4th quarter. Bank of Montreal Can now owns 2,275,158 shares of the exchange traded fund’s stock valued at $91,689,000 after purchasing an additional 1,060,704 shares during the period. Royal Bank of Canada increased its holdings in iShares MSCI Canada ETF by 11.5% during the fourth quarter. Royal Bank of Canada now owns 1,873,190 shares of the exchange traded fund’s stock valued at $75,489,000 after buying an additional 193,743 shares during the last quarter. Bank of America Corp DE grew its position in shares of iShares MSCI Canada ETF by 4.4% during the 4th quarter. Bank of America Corp DE now owns 1,855,384 shares of the exchange traded fund’s stock valued at $74,772,000 after acquiring an additional 78,892 shares during the period. Ameriprise Financial Inc. raised its stake in iShares MSCI Canada ETF by 57.6% during the 4th quarter. Ameriprise Financial Inc. now owns 858,200 shares of the exchange traded fund’s stock worth $34,583,000 after acquiring an additional 313,651 shares during the period. Finally, GenTrust LLC lifted its stake in shares of iShares MSCI Canada ETF by 4.9% during the 4th quarter. GenTrust LLC now owns 548,302 shares of the exchange traded fund’s stock valued at $22,097,000 after buying an additional 25,745 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).