iShares MSCI Taiwan ETF (NYSEARCA:EWT) Hits New 52-Week High – Here’s Why

iShares MSCI Taiwan ETF (NYSEARCA:EWT) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $97.27 and last traded at $97.15, with a volume of 5476321 shares. The stock had previously closed at $96.11.

iShares MSCI Taiwan ETF Stock Performance

The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 17.58 and a beta of 1.07. The company has a 50 day moving average of $78.39 and a 200 day moving average of $70.91.

Institutional Trading of iShares MSCI Taiwan ETF

Several hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp raised its holdings in iShares MSCI Taiwan ETF by 15.9% in the fourth quarter. Northern Trust Corp now owns 2,763,557 shares of the exchange traded fund’s stock valued at $175,569,000 after acquiring an additional 379,584 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in iShares MSCI Taiwan ETF by 393.4% in the second quarter. BNP Paribas Financial Markets now owns 2,085,693 shares of the exchange traded fund’s stock valued at $119,719,000 after acquiring an additional 1,662,985 shares in the last quarter. Sun Life Financial Inc. grew its stake in shares of iShares MSCI Taiwan ETF by 3.4% during the fourth quarter. Sun Life Financial Inc. now owns 1,862,881 shares of the exchange traded fund’s stock worth $118,349,000 after purchasing an additional 61,352 shares in the last quarter. Invesco Ltd. grew its stake in shares of iShares MSCI Taiwan ETF by 12.8% during the third quarter. Invesco Ltd. now owns 1,254,110 shares of the exchange traded fund’s stock worth $79,786,000 after purchasing an additional 142,464 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake 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 worth $84,084,000 after purchasing an additional 1,144,455 shares in the last quarter.

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.