Cumberland Advisors Inc. Acquires 21,625 Shares of iShares MSCI Taiwan ETF $EWT

Cumberland Advisors Inc. acquired a new position in iShares MSCI Taiwan ETF (NYSEARCA:EWT) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 21,625 shares of the exchange traded fund’s stock, valued at approximately $2,441,000. iShares MSCI Taiwan ETF accounts for approximately 0.9% of Cumberland Advisors Inc.’s portfolio, making the stock its 26th largest holding.

A number of other institutional investors also recently bought and sold shares of the stock. Main Street Group LTD purchased a new position in iShares MSCI Taiwan ETF during the first quarter valued at $29,000. Acumen Wealth Advisors LLC bought a new stake in iShares MSCI Taiwan ETF during the first quarter valued at about $32,000. Robinson Value Management Ltd. purchased a new stake in iShares MSCI Taiwan ETF in the third quarter worth about $35,000. CoreCap Advisors LLC purchased a new stake in iShares MSCI Taiwan ETF in the second quarter worth about $60,000. Finally, International Assets Investment Management LLC increased its position in iShares MSCI Taiwan ETF by 210.5% in the first quarter. International Assets Investment Management LLC now owns 1,099 shares of the exchange traded fund’s stock worth $79,000 after buying an additional 745 shares in the last quarter.

iShares MSCI Taiwan ETF Stock Down 2.4%

NYSEARCA EWT opened at $98.27 on Wednesday. The stock’s 50-day moving average price is $110.02 and its 200-day moving average price is $93.43. iShares MSCI Taiwan ETF has a 52 week low of $59.96 and a 52 week high of $118.47. The company has a market capitalization of $10.67 billion, a P/E ratio of 17.58 and a beta of 1.16.

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. 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.