iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sets New 52-Week High – Time to Buy?

iShares MSCI Taiwan ETF (NYSEARCA:EWTGet Free Report)’s share price reached a new 52-week high on Friday . The stock traded as high as $97.29 and last traded at $97.26, with a volume of 3360385 shares trading hands. The stock had previously closed at $94.47.

iShares MSCI Taiwan ETF Stock Performance

The stock has a market cap of $9.94 billion, a price-to-earnings ratio of 17.58 and a beta of 1.07. The company’s 50 day simple moving average is $81.51 and its two-hundred day simple moving average is $72.17.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EWT. Royal Bank of Canada increased its stake in iShares MSCI Taiwan ETF by 177.2% in the 1st quarter. Royal Bank of Canada now owns 146,633 shares of the exchange traded fund’s stock valued at $6,962,000 after buying an additional 93,731 shares during the period. Goldman Sachs Group Inc. increased its stake in iShares MSCI Taiwan ETF by 2,953.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 602,344 shares of the exchange traded fund’s stock valued at $28,599,000 after buying an additional 582,615 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in iShares MSCI Taiwan ETF in the 1st quarter valued at approximately $15,669,000. M&T Bank Corp increased its stake in iShares MSCI Taiwan ETF by 3.6% in the 2nd quarter. M&T Bank Corp now owns 5,065 shares of the exchange traded fund’s stock valued at $291,000 after buying an additional 178 shares during the period. Finally, Amundi increased its stake in iShares MSCI Taiwan ETF by 52.4% in the 2nd quarter. Amundi now owns 93,560 shares of the exchange traded fund’s stock valued at $5,497,000 after buying an additional 32,160 shares during the period.

iShares MSCI Taiwan ETF Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for iShares MSCI Taiwan ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Taiwan ETF and related companies with MarketBeat.com's FREE daily email newsletter.