Virtus Advisers LLC Makes New Investment in iShares MSCI Taiwan ETF $EWT

Virtus Advisers LLC acquired a new stake in iShares MSCI Taiwan ETF (NYSEARCA:EWT) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 29,434 shares of the exchange traded fund’s stock, valued at approximately $3,323,000. iShares MSCI Taiwan ETF makes up about 1.2% of Virtus Advisers LLC’s holdings, making the stock its 8th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new stake in shares of iShares MSCI Taiwan ETF during the second quarter worth $103,684,000. Boltwood Capital Management acquired a new position in shares of iShares MSCI Taiwan ETF during the third quarter valued at $1,688,000. MassMutual Private Wealth & Trust FSB bought a new position in iShares MSCI Taiwan ETF in the third quarter valued at about $698,000. IFP Advisors Inc boosted its holdings in iShares MSCI Taiwan ETF by 26,519.4% in the third quarter. IFP Advisors Inc now owns 53,505 shares of the exchange traded fund’s stock valued at $6,041,000 after acquiring an additional 53,304 shares during the last quarter. Finally, Meridian Investment Counsel Inc. bought a new position in iShares MSCI Taiwan ETF in the third quarter valued at about $787,000.

iShares MSCI Taiwan ETF Stock Up 0.1%

EWT stock traded up $0.13 during midday trading on Friday, reaching $97.38. The stock had a trading volume of 8,812,013 shares, compared to its average volume of 6,056,918. The business has a fifty day simple moving average of $107.85 and a two-hundred day simple moving average of $94.47. The firm has a market cap of $10.00 billion, a price-to-earnings ratio of 20.80 and a beta of 1.16. iShares MSCI Taiwan ETF has a twelve month low of $59.96 and a twelve month high of $118.47.

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.