iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sets New 12-Month High – Time to Buy?
by Renee Jackson · The Cerbat GemiShares MSCI Taiwan ETF (NYSEARCA:EWT – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $77.26 and last traded at $77.24, with a volume of 984447 shares changing hands. The stock had previously closed at $76.41.
iShares MSCI Taiwan ETF Stock Performance
The stock’s 50-day simple moving average is $71.79 and its 200-day simple moving average is $67.31. The firm has a market capitalization of $7.68 billion, a PE ratio of 17.58 and a beta of 0.95.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in EWT. BNP Paribas Financial Markets increased its position in iShares MSCI Taiwan ETF by 393.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,085,693 shares of the exchange traded fund’s stock valued at $119,719,000 after purchasing an additional 1,662,985 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of iShares MSCI Taiwan ETF during the 4th quarter valued at $57,028,000. DRW Securities LLC bought a new stake in shares of iShares MSCI Taiwan ETF during the 4th quarter valued at $38,207,000. Goldman Sachs Group Inc. boosted its holdings in shares of iShares MSCI Taiwan ETF by 2,953.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 602,344 shares of the exchange traded fund’s stock valued at $28,599,000 after buying an additional 582,615 shares in the last quarter. Finally, Meitav Investment House Ltd. boosted its holdings in shares of iShares MSCI Taiwan ETF by 151.5% during the 3rd quarter. Meitav Investment House Ltd. now owns 821,670 shares of the exchange traded fund’s stock valued at $52,189,000 after buying an additional 495,000 shares in the last quarter.
About iShares MSCI Taiwan ETF
Ishares MSCI Taiwan Index Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Taiwan IndexSM (the Index). The Index consists of stocks traded primarily on the Taiwan Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.