Banco Bilbao Vizcaya Argentaria S.A. has reduced its investment in the iShares MSCI Canada ETF (NYSEARCA:EWC) by 4.5% during the second quarter of 2024, as detailed in its recent filing with the Securities and Exchange Commission (SEC). Following the sale of 3,220 shares during the quarter, the bank now holds 68,286 shares of the exchange-traded fund (ETF), valued at approximately $3,151,000.
Several other institutional investors have also adjusted their positions in the iShares MSCI Canada ETF. Notably, Banque Cantonale Vaudoise acquired a new stake in the fund during the first quarter, valued at around $49,000. Meanwhile, MAI Capital Management significantly increased its holdings by 266.4%, bringing its total to 2,228 shares, valued at $91,000 after purchasing an additional 1,620 shares in the recent quarter.
Additionally, CWM LLC raised its position by 27.1%, now holding 2,151 shares, valued at $99,000 following the acquisition of 459 shares. Other investors, such as EP Wealth Advisors LLC and Sunpointe LLC, also entered the market, purchasing positions worth $129,000 and $200,000, respectively.
Performance Overview of iShares MSCI Canada ETF
As of Monday, shares of the iShares MSCI Canada ETF opened at $50.89. The fund has a market capitalization of $3.40 billion, a price-to-earnings (PE) ratio of 19.77, and a beta of 0.94. Over the past year, the ETF has seen a low of $36.70 and a high of $51.81. Currently, its fifty-day simple moving average stands at $50.46, while the two-hundred-day average is at $47.54.
The iShares MSCI Canada ETF, formerly known as the iShares MSCI Canada Index Fund, aims to track the performance of publicly traded securities in the Canadian market, as indicated by the MSCI Canada Index. The fund is designed to offer results that correspond closely to the price and yield performance of the index before fees and expenses.
For those interested in the latest movements and holdings of hedge funds in the iShares MSCI Canada ETF, resources such as HoldingsChannel.com provide up-to-date 13F filings and insider trades. Additionally, MarketBeat.com offers a daily email newsletter summarizing news and analyst ratings related to the ETF and its peers.
