iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sees Large Volume Increase – Time to Buy?

iShares MSCI Taiwan ETF (NYSEARCA:EWT) shares saw unusually-high trading volume on Friday . Approximately 2,414,493 shares traded hands during trading, a decline of 27% from the previous session’s volume of 3,317,445 shares.The stock last traded at $45.33 and had previously closed at $43.32.

iShares MSCI Taiwan ETF Price Performance

The firm has a market cap of $4.19 billion, a PE ratio of 16.73 and a beta of 0.92. The company’s 50 day moving average price is $49.83 and its 200 day moving average price is $52.36.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EWT. Exchange Traded Concepts LLC raised its holdings in iShares MSCI Taiwan ETF by 66.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 581 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 232 shares in the last quarter. Barclays PLC acquired a new stake in shares of iShares MSCI Taiwan ETF in the 4th quarter valued at $40,000. Finley Financial LLC purchased a new stake in shares of iShares MSCI Taiwan ETF during the 4th quarter worth $90,000. AlphaCentric Advisors LLC grew its stake in shares of iShares MSCI Taiwan ETF by 8.7% during the fourth quarter. AlphaCentric Advisors LLC now owns 2,516 shares of the exchange traded fund’s stock worth $130,000 after purchasing an additional 202 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of iShares MSCI Taiwan ETF during the fourth quarter worth $138,000.

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.