iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sets New 1-Year High – What’s Next?

Shares of iShares MSCI Taiwan ETF (NYSEARCA:EWT) hit a new 52-week high on Wednesday . The stock traded as high as $67.78 and last traded at $67.4730, with a volume of 1392479 shares traded. The stock had previously closed at $66.54.

iShares MSCI Taiwan ETF Stock Up 1.4%

The firm has a 50 day moving average price of $64.20 and a 200 day moving average price of $62.73. The stock has a market cap of $7.38 billion, a PE ratio of 17.58 and a beta of 0.94.

Institutional Trading of iShares MSCI Taiwan ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its stake in shares of iShares MSCI Taiwan ETF by 2,378.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,905,456 shares of the exchange traded fund’s stock worth $109,373,000 after purchasing an additional 1,828,566 shares during the last quarter. BNP Paribas Financial Markets grew its stake in iShares MSCI Taiwan ETF by 393.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,085,693 shares of the exchange traded fund’s stock worth $119,719,000 after buying an additional 1,662,985 shares during the last quarter. Schroder Investment Management Group increased its position in iShares MSCI Taiwan ETF by 4,066.3% during the 2nd quarter. Schroder Investment Management Group now owns 1,677,273 shares of the exchange traded fund’s stock valued at $97,030,000 after buying an additional 1,637,015 shares in the last quarter. Goldman Sachs Group Inc. raised its stake 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 valued at $28,599,000 after buying an additional 582,615 shares during the last quarter. Finally, Meitav Investment House Ltd. boosted its holdings in iShares MSCI Taiwan ETF by 151.5% in the third quarter. Meitav Investment House Ltd. now owns 821,670 shares of the exchange traded fund’s stock worth $52,189,000 after acquiring an additional 495,000 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.