iShares MSCI Taiwan ETF (NYSEARCA:EWT) Hits New 52-Week High – Still a Buy?

Shares of iShares MSCI Taiwan ETF (NYSEARCA:EWT) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $67.58 and last traded at $67.5280, with a volume of 1658128 shares. The stock had previously closed at $66.51.

iShares MSCI Taiwan ETF Stock Performance

The stock has a market capitalization of $7.39 billion, a P/E ratio of 17.58 and a beta of 0.94. The firm has a 50-day moving average price of $64.05 and a 200 day moving average price of $62.46.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EWT. Royal Bank of Canada boosted its stake in shares of iShares MSCI Taiwan ETF by 177.2% in the 1st quarter. Royal Bank of Canada now owns 146,633 shares of the exchange traded fund’s stock valued at $6,962,000 after purchasing an additional 93,731 shares in the last quarter. Goldman Sachs Group Inc. lifted 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 worth $28,599,000 after purchasing an additional 582,615 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in iShares MSCI Taiwan ETF during the first quarter valued at about $15,669,000. V Square Quantitative Management LLC boosted its position in iShares MSCI Taiwan ETF by 8.2% during the second quarter. V Square Quantitative Management LLC now owns 24,127 shares of the exchange traded fund’s stock valued at $1,385,000 after buying an additional 1,837 shares during the period. Finally, BOCHK Asset Management Ltd bought a new position in shares of iShares MSCI Taiwan ETF during the second quarter valued at about $488,000.

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.