iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sees Strong Trading Volume – Still a Buy?

iShares MSCI Taiwan ETF (NYSEARCA:EWT) saw unusually-strong trading volume on Tuesday . Approximately 7,895,482 shares were traded during trading, an increase of 109% from the previous session’s volume of 3,786,240 shares.The stock last traded at $50.81 and had previously closed at $50.27.

iShares MSCI Taiwan ETF Price Performance

The firm has a market cap of $4.57 billion, a P/E ratio of 13.20 and a beta of 0.96. The company’s 50-day simple moving average is $53.22 and its 200 day simple moving average is $53.59.

Institutional Investors Weigh In On iShares MSCI Taiwan ETF

Several large investors have recently added to or reduced their stakes in EWT. American Century Companies Inc. boosted its stake in iShares MSCI Taiwan ETF by 281.9% during the second quarter. American Century Companies Inc. now owns 160,095 shares of the exchange traded fund’s stock worth $8,676,000 after buying an additional 118,179 shares during the period. Sun Life Financial Inc. lifted its holdings in shares of iShares MSCI Taiwan ETF by 21.2% in the 2nd quarter. Sun Life Financial Inc. now owns 1,949,950 shares of the exchange traded fund’s stock worth $105,668,000 after acquiring an additional 340,700 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of iShares MSCI Taiwan ETF during the 2nd quarter worth about $395,000. Bluefin Capital Management LLC bought a new position in iShares MSCI Taiwan ETF during the 2nd quarter valued at about $715,000. Finally, Boltwood Capital Management raised its position in iShares MSCI Taiwan ETF by 30.3% in the 3rd quarter. Boltwood Capital Management now owns 6,775 shares of the exchange traded fund’s stock worth $365,000 after purchasing an additional 1,575 shares during the period.

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.