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National Bank of Canada FI (TSX:NA) has significantly reduced its stake in iShares MSCI Canada ETF by 22.7% during the second quarter, as detailed in its recent Form 13F filing with the Securities & Exchange Commission. After this reduction, National Bank of Canada FI holds 26,205 shares of the ETF, having sold 7,711 shares during the reporting period. The current value of these holdings is approximately $975,000.
Several other institutional investors have also made notable adjustments to their holdings in the iShares MSCI Canada ETF. Assetmark Inc. increased its shareholding by 1.2% in the fourth quarter, now owning 1,516,665 shares. This increase was due to the acquisition of an additional 18,197 shares. In the first quarter, GenTrust LLC expanded its position by 3.1%, acquiring 15,408 additional shares, bringing its total ownership to 516,901 shares.
Similarly, Catalyst Capital Advisors LLC raised its stake by 5.5% in the second quarter, resulting in a new total of 506,584 shares after purchasing an additional 26,588 shares. Millburn Ridgefield Corp saw an 11.8% increase in its position during the first quarter, acquiring 50,519 more shares to hold a total of 479,996 shares. Commonwealth of Pennsylvania Public School Employees Retirement System also made a substantial increase in its holdings by 136.0% in the first quarter. This move added 240,860 shares to its portfolio, bringing its total to 417,910 shares.
As of the latest trading data, iShares MSCI Canada ETF is priced at $40.40. The ETF has a market capitalization of $2.89 billion, a price-to-earnings ratio of 14.59, and a beta of 0.90, indicating its relative volatility compared to the broader market. The share price has fluctuated between a twelve-month low of $31.41 and a high of $40.51. The ETF's fifty-day simple moving average is $38.83, while the 200-day simple moving average stands at $38.02.
The adjustments made by institutional investors underscore shifting portfolio strategies and highlight the dynamic nature of the investment landscape. iShares MSCI Canada ETF remains a significant player in the market, attracting considerable attention from various institutional entities. These changes reflect broader market trends and investor sentiment, impacting the overall performance and strategic positioning of the ETF.
