Hsbc Holdings PLC Trims Holdings in iShares MSCI Taiwan ETF $EWT

Hsbc Holdings PLC reduced its stake in iShares MSCI Taiwan ETF (NYSEARCA:EWT) by 76.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 41,172 shares of the exchange traded fund’s stock after selling 130,085 shares during the period. Hsbc Holdings PLC’s holdings in iShares MSCI Taiwan ETF were worth $2,616,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets increased its position in iShares MSCI Taiwan ETF by 393.4% during 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 purchasing an additional 1,662,985 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in iShares MSCI Taiwan ETF in the fourth quarter valued at approximately $57,028,000. DRW Securities LLC purchased a new position in iShares MSCI Taiwan ETF in the fourth quarter worth approximately $38,207,000. Goldman Sachs Group Inc. grew its position in iShares MSCI Taiwan ETF by 2,953.1% in the first quarter. Goldman Sachs Group Inc. now owns 602,344 shares of the exchange traded fund’s stock worth $28,599,000 after acquiring an additional 582,615 shares during the period. Finally, Northern Trust Corp increased its stake in iShares MSCI Taiwan ETF by 15.9% during the fourth quarter. Northern Trust Corp now owns 2,763,557 shares of the exchange traded fund’s stock worth $175,569,000 after acquiring an additional 379,584 shares during the last quarter.

iShares MSCI Taiwan ETF Stock Performance

Shares of EWT opened at $102.81 on Monday. The firm has a market cap of $10.55 billion, a P/E ratio of 17.58 and a beta of 1.09. The company’s 50-day moving average price is $97.15 and its 200 day moving average price is $79.21. iShares MSCI Taiwan ETF has a 12-month low of $57.03 and a 12-month high of $112.78.

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.