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

iShares MSCI Taiwan ETF (NYSEARCA:EWT) shares reached a new 52-week high on Friday . The stock traded as high as $74.05 and last traded at $74.2060, with a volume of 1176944 shares traded. The stock had previously closed at $72.67.

iShares MSCI Taiwan ETF Stock Performance

The stock’s 50 day moving average is $67.23 and its 200 day moving average is $64.64. The company has a market capitalization of $8.37 billion, a PE ratio of 17.58 and a beta of 0.94.

Institutional Trading of iShares MSCI Taiwan ETF

Institutional investors have recently added to or reduced their stakes in the stock. Solstein Capital LLC boosted its stake in iShares MSCI Taiwan ETF by 1,660.7% in the 4th quarter. Solstein Capital LLC now owns 493 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 465 shares during the period. Huntington National Bank lifted its holdings in shares of iShares MSCI Taiwan ETF by 60,000.0% in the fourth quarter. Huntington National Bank now owns 601 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 600 shares in the last quarter. Summit Securities Group LLC purchased a new position in iShares MSCI Taiwan ETF during the fourth quarter valued at approximately $45,000. Greykasell Wealth Strategies Inc. purchased a new position in iShares MSCI Taiwan ETF during the fourth quarter valued at approximately $49,000. Finally, Triumph Capital Management bought a new stake in iShares MSCI Taiwan ETF during the 3rd quarter worth approximately $55,000.

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.