Absolute Gestao de Investimentos Ltda. Purchases Shares of 550,000 iShares MSCI Canada ETF $EWC

Absolute Gestao de Investimentos Ltda. bought a new stake in iShares MSCI Canada ETF (NYSEARCA:EWC) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 550,000 shares of the exchange traded fund’s stock, valued at approximately $30,134,000. iShares MSCI Canada ETF comprises about 3.4% of Absolute Gestao de Investimentos Ltda.’s portfolio, making the stock its 8th biggest holding. Absolute Gestao de Investimentos Ltda. owned 0.62% of iShares MSCI Canada ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EWC. The Manufacturers Life Insurance Company increased its position in iShares MSCI Canada ETF by 1,675.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,178,045 shares of the exchange traded fund’s stock worth $171,392,000 after purchasing an additional 2,999,053 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in iShares MSCI Canada ETF in the 2nd quarter valued at $51,589,000. Graham Capital Management L.P. increased its holdings in iShares MSCI Canada ETF by 525.5% in the 4th quarter. Graham Capital Management L.P. now owns 806,849 shares of the exchange traded fund’s stock valued at $43,513,000 after purchasing an additional 677,849 shares in the last quarter. Metis Global Partners LLC purchased a new position in iShares MSCI Canada ETF in the fourth quarter valued at about $25,125,000. Finally, Bank of America Corp DE lifted its stake in shares of iShares MSCI Canada ETF by 22.8% during the second quarter. Bank of America Corp DE now owns 1,769,516 shares of the exchange traded fund’s stock worth $81,752,000 after purchasing an additional 328,742 shares in the last quarter.

iShares MSCI Canada ETF Stock Performance

EWC stock opened at $59.07 on Friday. iShares MSCI Canada ETF has a 1 year low of $45.66 and a 1 year high of $59.69. The firm has a market cap of $6.02 billion, a P/E ratio of 19.77 and a beta of 0.86. The stock has a 50-day simple moving average of $58.39 and a 200-day simple moving average of $56.96.

About iShares MSCI Canada ETF

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). The Index seeks to measure the performance of the Canadian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.