Pekin Hardy Strauss Inc. Invests $1.08 Million in iShares MSCI Taiwan ETF $EWT

Pekin Hardy Strauss Inc. acquired a new position in iShares MSCI Taiwan ETF (NYSEARCA:EWT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,740 shares of the exchange traded fund’s stock, valued at approximately $1,076,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Legacy Capital Group California Inc. grew its position in shares of iShares MSCI Taiwan ETF by 4.4% during the first quarter. Legacy Capital Group California Inc. now owns 8,366 shares of the exchange traded fund’s stock worth $397,000 after purchasing an additional 350 shares in the last quarter. Cetera Investment Advisers boosted its stake in iShares MSCI Taiwan ETF by 7.3% in the 1st quarter. Cetera Investment Advisers now owns 5,322 shares of the exchange traded fund’s stock worth $253,000 after purchasing an additional 364 shares during the period. Gould Asset Management LLC CA grew its holdings in iShares MSCI Taiwan ETF by 2.5% during the 2nd quarter. Gould Asset Management LLC CA now owns 16,460 shares of the exchange traded fund’s stock valued at $945,000 after buying an additional 400 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in iShares MSCI Taiwan ETF by 11.5% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 4,959 shares of the exchange traded fund’s stock valued at $235,000 after buying an additional 512 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of iShares MSCI Taiwan ETF by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 28,983 shares of the exchange traded fund’s stock valued at $1,664,000 after buying an additional 613 shares during the last quarter.

iShares MSCI Taiwan ETF Stock Performance

Shares of NYSEARCA:EWT opened at $64.61 on Friday. The firm has a fifty day moving average price of $63.93 and a 200 day moving average price of $58.70. iShares MSCI Taiwan ETF has a fifty-two week low of $39.44 and a fifty-two week high of $67.58. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 17.58 and a beta of 0.94.

iShares MSCI Taiwan ETF 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.