iShares MSCI Taiwan ETF (NYSEARCA:EWT) Reaches New 1-Year High – Here’s Why

iShares MSCI Taiwan ETF (NYSEARCA:EWT) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.66 and last traded at $71.4360, with a volume of 678801 shares changing hands. The stock had previously closed at $70.76.

iShares MSCI Taiwan ETF Stock Up 1.0%

The stock has a 50-day simple moving average of $65.86 and a 200 day simple moving average of $63.78. The company has a market cap of $8.04 billion, a PE ratio of 17.58 and a beta of 0.94.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in shares of 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 purchasing an additional 1,662,985 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in iShares MSCI Taiwan ETF by 2,378.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,905,456 shares of the exchange traded fund’s stock valued at $109,373,000 after purchasing an additional 1,828,566 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of iShares MSCI Taiwan ETF by 4,066.3% in the 2nd quarter. Schroder Investment Management Group now owns 1,677,273 shares of the exchange traded fund’s stock valued at $97,030,000 after purchasing an additional 1,637,015 shares in the last quarter. Invesco Ltd. boosted its holdings in iShares MSCI Taiwan ETF by 12.8% in the third quarter. Invesco Ltd. now owns 1,254,110 shares of the exchange traded fund’s stock worth $79,786,000 after purchasing an additional 142,464 shares during the period. Finally, Geode Capital Management LLC boosted its position in iShares MSCI Taiwan ETF by 15.0% during the 4th quarter. Geode Capital Management LLC now owns 1,136,467 shares of the exchange traded fund’s stock valued at $72,200,000 after purchasing an additional 148,000 shares during the period.

iShares MSCI Taiwan ETF Company Profile

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.