iShares MSCI Taiwan ETF (NYSEARCA:EWT) Hits New 1-Year High – Time to Buy?

iShares MSCI Taiwan ETF (NYSEARCA:EWT) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $67.58 and last traded at $67.5280, with a volume of 1658128 shares. The stock had previously closed at $66.51.

iShares MSCI Taiwan ETF Price Performance

The stock’s fifty day moving average is $64.15 and its 200-day moving average is $62.56. The stock has a market cap of $7.37 billion, a PE ratio of 17.58 and a beta of 0.94.

Institutional Investors Weigh In On iShares MSCI Taiwan ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its position 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 buying an additional 1,662,985 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of iShares MSCI Taiwan ETF by 2,378.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,905,456 shares of the exchange traded fund’s stock valued at $109,373,000 after acquiring an additional 1,828,566 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of iShares MSCI Taiwan ETF by 4,066.3% in the 2nd quarter. Schroder Investment Management Group now owns 1,677,273 shares of the exchange traded fund’s stock valued at $97,030,000 after acquiring an additional 1,637,015 shares during the period. Invesco Ltd. lifted its holdings in shares of iShares MSCI Taiwan ETF by 12.8% in the 3rd quarter. Invesco Ltd. now owns 1,254,110 shares of the exchange traded fund’s stock worth $79,786,000 after acquiring an additional 142,464 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI Taiwan ETF by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,079,935 shares of the exchange traded fund’s stock worth $68,706,000 after acquiring an additional 11,273 shares during the last quarter.

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.