iShares MSCI Taiwan ETF (NYSEARCA:EWT) Reaches New 1-Year High – Time to Buy?

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

iShares MSCI Taiwan ETF Stock Performance

The company has a 50-day moving average of $64.42 and a 200-day moving average of $62.88. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 17.58 and a beta of 0.94.

Institutional Trading of iShares MSCI Taiwan ETF

A number of large investors have recently made changes to their positions in the stock. Triumph Capital Management acquired a new position in iShares MSCI Taiwan ETF in the 3rd quarter valued at about $55,000. FLP Wealth Management LLC purchased a new stake in shares of iShares MSCI Taiwan ETF during the third quarter worth about $65,000. Farther Finance Advisors LLC raised its position in shares of iShares MSCI Taiwan ETF by 25.7% in the third quarter. Farther Finance Advisors LLC now owns 1,071 shares of the exchange traded fund’s stock valued at $68,000 after buying an additional 219 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI Taiwan ETF in the second quarter valued at approximately $153,000. Finally, Bank of Montreal Can lifted its stake in shares of iShares MSCI Taiwan ETF by 177.2% during the second quarter. Bank of Montreal Can now owns 2,816 shares of the exchange traded fund’s stock valued at $162,000 after buying an additional 1,800 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. 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.