iShares MSCI Taiwan ETF (NYSEARCA:EWT) Hits New 12-Month High – Time to Buy?

Shares of iShares MSCI Taiwan ETF (NYSEARCA:EWT) reached a new 52-week high during trading on Wednesday . The company traded as high as $67.78 and last traded at $67.4730, with a volume of 1392479 shares traded. The stock had previously closed at $66.54.

iShares MSCI Taiwan ETF Stock Performance

The stock’s 50 day simple moving average is $64.20 and its 200-day simple moving average is $62.73. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 17.58 and a beta of 0.94.

Institutional Investors Weigh In On iShares MSCI Taiwan ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its holdings in iShares MSCI Taiwan ETF by 2,378.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,905,456 shares of the exchange traded fund’s stock worth $109,373,000 after buying an additional 1,828,566 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of iShares MSCI Taiwan ETF by 393.4% in the second quarter. BNP Paribas Financial Markets now owns 2,085,693 shares of the exchange traded fund’s stock worth $119,719,000 after buying an additional 1,662,985 shares during the last quarter. Schroder Investment Management Group grew its holdings in iShares MSCI Taiwan ETF by 4,066.3% during the second quarter. Schroder Investment Management Group now owns 1,677,273 shares of the exchange traded fund’s stock worth $97,030,000 after acquiring an additional 1,637,015 shares during the period. Goldman Sachs Group Inc. raised its position in iShares MSCI Taiwan ETF by 2,953.1% during the first quarter. Goldman Sachs Group Inc. now owns 602,344 shares of the exchange traded fund’s stock valued at $28,599,000 after acquiring an additional 582,615 shares in the last quarter. Finally, Meitav Investment House Ltd. lifted its holdings in iShares MSCI Taiwan ETF by 151.5% in the third quarter. Meitav Investment House Ltd. now owns 821,670 shares of the exchange traded fund’s stock valued at $52,189,000 after acquiring an additional 495,000 shares during the period.

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.