iShares MSCI Canada ETF (NYSEARCA:EWC) Sees Strong Trading Volume – Should You Buy?

iShares MSCI Canada ETF (NYSEARCA:EWC) saw an uptick in trading volume on Thursday . 1,975,721 shares traded hands during mid-day trading, a decline of 10% from the previous session’s volume of 2,194,826 shares.The stock last traded at $41.27 and had previously closed at $41.59.

iShares MSCI Canada ETF Trading Down 1.1 %

The stock has a 50-day simple moving average of $41.18 and a 200 day simple moving average of $41.34. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 19.10 and a beta of 1.05.

Institutional Trading of iShares MSCI Canada ETF

Several institutional investors and hedge funds have recently bought and sold shares of EWC. Bernard Wealth Management Corp. acquired a new stake in shares of iShares MSCI Canada ETF during the 4th quarter valued at about $26,000. HM Payson & Co. lifted its holdings in iShares MSCI Canada ETF by 100.0% during the fourth quarter. HM Payson & Co. now owns 740 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 370 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of iShares MSCI Canada ETF in the fourth quarter valued at about $83,000. Bessemer Group Inc. increased its stake in shares of iShares MSCI Canada ETF by 65.0% during the fourth quarter. Bessemer Group Inc. now owns 2,640 shares of the exchange traded fund’s stock worth $106,000 after purchasing an additional 1,040 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake 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 valued at $116,000 after buying an additional 1,683 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).