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

iShares MSCI Taiwan ETF (NYSEARCA:EWT) shares hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $116.03 and last traded at $116.4390, with a volume of 330698 shares trading hands. The stock had previously closed at $112.78.

iShares MSCI Taiwan ETF Stock Up 3.1%

The firm’s 50-day moving average price is $106.70 and its 200 day moving average price is $97.37. The firm has a market cap of $12.70 billion, a P/E ratio of 17.58 and a beta of 1.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EWT. Hsbc Holdings PLC raised its holdings in shares of iShares MSCI Taiwan ETF by 2,779.7% during the first quarter. Hsbc Holdings PLC now owns 1,185,627 shares of the exchange traded fund’s stock valued at $84,084,000 after buying an additional 1,144,455 shares during the last quarter. Geode Capital Management LLC grew its holdings in iShares MSCI Taiwan ETF by 15.0% in the 4th quarter. Geode Capital Management LLC now owns 1,136,467 shares of the exchange traded fund’s stock worth $72,200,000 after buying an additional 148,000 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in iShares MSCI Taiwan ETF in the 2nd quarter worth approximately $103,684,000. Fifth Third Bancorp acquired a new stake in iShares MSCI Taiwan ETF in the 1st quarter valued at approximately $43,753,000. Finally, Bank of America Corp DE increased its position in iShares MSCI Taiwan ETF by 22.4% in the 1st quarter. Bank of America Corp DE now owns 598,887 shares of the exchange traded fund’s stock valued at $42,473,000 after acquiring an additional 109,496 shares during the period.

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.