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

iShares MSCI Taiwan ETF (NYSEARCA:EWT) shares hit a new 52-week high on Thursday . The stock traded as high as $88.95 and last traded at $88.95, with a volume of 14275 shares traded. The stock had previously closed at $87.19.

iShares MSCI Taiwan ETF Price Performance

The firm’s 50-day moving average is $75.32 and its two-hundred day moving average is $69.24. The company has a market cap of $9.01 billion, a P/E ratio of 17.58 and a beta of 0.95.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Banque Cantonale Vaudoise increased its position in iShares MSCI Taiwan ETF by 0.4% during the third quarter. Banque Cantonale Vaudoise now owns 37,937 shares of the exchange traded fund’s stock valued at $2,414,000 after acquiring an additional 158 shares during the last quarter. Vident Advisory LLC increased its position in iShares MSCI Taiwan ETF by 2.1% during the third quarter. Vident Advisory LLC now owns 8,069 shares of the exchange traded fund’s stock valued at $513,000 after acquiring an additional 168 shares during the last quarter. M&T Bank Corp increased its position in iShares MSCI Taiwan ETF by 3.6% during the second quarter. M&T Bank Corp now owns 5,065 shares of the exchange traded fund’s stock valued at $291,000 after acquiring an additional 178 shares during the last quarter. Bessemer Group Inc. increased its position in iShares MSCI Taiwan ETF by 2.6% during the third quarter. Bessemer Group Inc. now owns 7,815 shares of the exchange traded fund’s stock valued at $497,000 after acquiring an additional 198 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in iShares MSCI Taiwan ETF by 25.7% during the third quarter. Farther Finance Advisors LLC now owns 1,071 shares of the exchange traded fund’s stock valued at $68,000 after acquiring an additional 219 shares during the last quarter.

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.