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

Shares of iShares MSCI Canada ETF (NYSEARCA:EWC) saw an uptick in trading volume on Thursday . 2,220,196 shares were traded during mid-day trading, a decline of 3% from the previous session’s volume of 2,279,443 shares.The stock last traded at $38.65 and had previously closed at $39.54.

iShares MSCI Canada ETF Price Performance

The firm has a market capitalization of $2.55 billion, a P/E ratio of 18.11 and a beta of 0.95. The firm’s fifty day moving average price is $40.72 and its 200-day moving average price is $41.20.

Hedge Funds Weigh In On iShares MSCI Canada ETF

Several hedge funds have recently modified their holdings of the company. Bernard Wealth Management Corp. purchased a new stake in iShares MSCI Canada ETF during the fourth quarter valued at about $26,000. HM Payson & Co. grew its position in iShares MSCI Canada ETF by 100.0% during the 4th quarter. HM Payson & Co. now owns 740 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 370 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares MSCI Canada ETF in the fourth quarter valued at $83,000. Bessemer Group Inc. boosted its position in shares of iShares MSCI Canada ETF by 65.0% in the fourth quarter. Bessemer Group Inc. now owns 2,640 shares of the exchange traded fund’s stock worth $106,000 after buying an additional 1,040 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of iShares MSCI Canada ETF by 141.4% during the fourth 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).