iShares MSCI Taiwan ETF (NYSEARCA:EWT) Hits New 12-Month High – Here’s What Happened

Shares of iShares MSCI Taiwan ETF (NYSEARCA:EWT) hit a new 52-week high on Thursday . The stock traded as high as $109.16 and last traded at $108.76, with a volume of 621428 shares traded. The stock had previously closed at $105.11.

iShares MSCI Taiwan ETF Price Performance

The company has a fifty day moving average price of $92.98 and a two-hundred day moving average price of $77.13. The company has a market capitalization of $11.20 billion, a P/E ratio of 17.58 and a beta of 1.09.

Hedge Funds Weigh In On iShares MSCI Taiwan ETF

Several large investors have recently modified their holdings of the business. Northern Trust Corp lifted its holdings in shares of iShares MSCI Taiwan ETF by 15.9% during the fourth quarter. Northern Trust Corp now owns 2,763,557 shares of the exchange traded fund’s stock worth $175,569,000 after purchasing an additional 379,584 shares during the period. BNP Paribas Financial Markets increased 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 purchasing an additional 1,662,985 shares during the period. Sun Life Financial Inc. raised its position in iShares MSCI Taiwan ETF by 3.4% during the 4th 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 during the last quarter. Invesco Ltd. raised its position in iShares MSCI Taiwan ETF by 12.8% during the 3rd 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 during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in iShares MSCI Taiwan ETF by 2,779.7% during the 1st quarter. Hsbc Holdings PLC now owns 1,185,627 shares of the exchange traded fund’s stock worth $84,084,000 after buying an additional 1,144,455 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.