iShares MSCI Taiwan ETF (NYSEARCA:EWT) Reaches New 12-Month High – Here’s Why

iShares MSCI Taiwan ETF (NYSEARCA:EWT) hit a new 52-week high on Friday . The company traded as high as $97.29 and last traded at $97.26, with a volume of 3360385 shares traded. The stock had previously closed at $94.47.

iShares MSCI Taiwan ETF Price Performance

The business’s 50-day moving average price is $81.01 and its two-hundred day moving average price is $71.99. The company has a market capitalization of $10.00 billion, a P/E ratio of 17.58 and a beta of 1.07.

Institutional Investors Weigh In On iShares MSCI Taiwan ETF

Institutional investors have recently added to or reduced their stakes in the stock. Main Street Group LTD bought a new stake in iShares MSCI Taiwan ETF in the 1st quarter valued at $29,000. Solstein Capital LLC lifted its position in iShares MSCI Taiwan ETF by 1,660.7% in the 4th quarter. Solstein Capital LLC now owns 493 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 465 shares in the last quarter. Acumen Wealth Advisors LLC bought a new stake in iShares MSCI Taiwan ETF in the 1st quarter valued at $32,000. Nalls Sherbakoff Group LLC bought a new stake in iShares MSCI Taiwan ETF in the 4th quarter valued at $35,000. Finally, Huntington National Bank lifted its position in iShares MSCI Taiwan ETF by 60,000.0% in the 4th quarter. Huntington National Bank now owns 601 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 600 shares in the last quarter.

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.