iShares MSCI Taiwan ETF (NYSEARCA:EWT) Hits New 1-Year High – Still a Buy?

iShares MSCI Taiwan ETF (NYSEARCA:EWT) reached a new 52-week high on Monday . The stock traded as high as $114.32 and last traded at $114.4110, with a volume of 143756 shares changing hands. The stock had previously closed at $111.64.

iShares MSCI Taiwan ETF Price Performance

The company has a market capitalization of $11.95 billion, a PE ratio of 17.58 and a beta of 1.11. The stock’s 50 day simple moving average is $104.23 and its 200-day simple moving average is $94.63.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EWT. The Manufacturers Life Insurance Company purchased a new position in iShares MSCI Taiwan ETF in the 2nd quarter valued at approximately $103,684,000. Maven Securities LTD purchased a new stake in shares of iShares MSCI Taiwan ETF during the second quarter worth $1,685,000. NewEdge Advisors LLC increased its position in shares of iShares MSCI Taiwan ETF by 26,084.4% during the second quarter. NewEdge Advisors LLC now owns 65,461 shares of the exchange traded fund’s stock worth $7,110,000 after acquiring an additional 65,211 shares during the period. 1607 Capital Partners LLC acquired a new stake in shares of iShares MSCI Taiwan ETF in the second quarter valued at $683,000. Finally, Cullen Capital Management LLC acquired a new stake in shares of iShares MSCI Taiwan ETF in the second quarter valued at $17,399,000.

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.