Bank of Nova Scotia Makes New $40.62 Million Investment in iShares MSCI Canada ETF $EWC

Bank of Nova Scotia purchased a new stake in shares of iShares MSCI Canada ETF (NYSEARCA:EWC) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 879,200 shares of the exchange traded fund’s stock, valued at approximately $40,619,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new position in iShares MSCI Canada ETF during the first quarter valued at approximately $23,355,000. Russell Investments Group Ltd. boosted its holdings in iShares MSCI Canada ETF by 4.8% in the 1st quarter. Russell Investments Group Ltd. now owns 80,593 shares of the exchange traded fund’s stock valued at $3,284,000 after purchasing an additional 3,697 shares during the period. Cresset Asset Management LLC purchased a new position in shares of iShares MSCI Canada ETF during the 1st quarter valued at $427,000. Korea Investment CORP increased its holdings in shares of iShares MSCI Canada ETF by 52.1% in the first quarter. Korea Investment CORP now owns 1,663,100 shares of the exchange traded fund’s stock worth $67,771,000 after purchasing an additional 569,707 shares during the period. Finally, RWA Wealth Partners LLC purchased a new stake in shares of iShares MSCI Canada ETF in the first quarter worth $984,000.

iShares MSCI Canada ETF Stock Performance

NYSEARCA:EWC opened at $52.95 on Tuesday. iShares MSCI Canada ETF has a 52-week low of $36.70 and a 52-week high of $53.47. The stock has a fifty day moving average of $51.00 and a 200 day moving average of $48.49. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 19.77 and a beta of 0.94.

iShares MSCI Canada ETF 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).