iShares MSCI Taiwan ETF (NYSEARCA:EWT) Reaches New 1-Year High – Should You Buy?

iShares MSCI Taiwan ETF (NYSEARCA:EWT) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $70.16 and last traded at $69.94, with a volume of 8627952 shares changing hands. The stock had previously closed at $69.71.

iShares MSCI Taiwan ETF Stock Up 0.3%

The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 17.58 and a beta of 0.94. The business’s 50-day simple moving average is $64.55 and its two-hundred day simple moving average is $63.04.

Institutional Trading of iShares MSCI Taiwan ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EWT. Arrowstreet Capital Limited Partnership grew its stake in shares of iShares MSCI Taiwan ETF by 2,378.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,905,456 shares of the exchange traded fund’s stock valued at $109,373,000 after buying an additional 1,828,566 shares in the last quarter. BNP Paribas Financial Markets lifted its stake 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 worth $119,719,000 after acquiring an additional 1,662,985 shares in the last quarter. Schroder Investment Management Group lifted its stake in iShares MSCI Taiwan ETF by 4,066.3% during the 2nd 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 in the last quarter. Goldman Sachs Group Inc. boosted its holdings in 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 acquiring an additional 582,615 shares during the period. Finally, Meitav Investment House Ltd. boosted its holdings in 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 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.