iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sets New 1-Year High – Here’s Why

iShares MSCI Taiwan ETF (NYSEARCA:EWT)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $92.99 and last traded at $92.77, with a volume of 4218064 shares traded. The stock had previously closed at $90.41.

iShares MSCI Taiwan ETF Stock Up 2.6%

The business’s fifty day moving average is $76.03 and its 200 day moving average is $69.66. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 17.58 and a beta of 1.07.

Institutional Investors Weigh In On iShares MSCI Taiwan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealthfront Advisers LLC raised its holdings in shares of iShares MSCI Taiwan ETF by 40.7% during the first quarter. Wealthfront Advisers LLC now owns 6,716 shares of the exchange traded fund’s stock worth $476,000 after acquiring an additional 1,944 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of iShares MSCI Taiwan ETF by 10.0% during the first quarter. Bank of New York Mellon Corp now owns 576,657 shares of the exchange traded fund’s stock worth $40,897,000 after acquiring an additional 52,499 shares during the period. International Assets Investment Management LLC raised its holdings in shares of iShares MSCI Taiwan ETF by 210.5% during the first quarter. International Assets Investment Management LLC now owns 1,099 shares of the exchange traded fund’s stock worth $79,000 after acquiring an additional 745 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of iShares MSCI Taiwan ETF during the first quarter worth $1,786,000. Finally, Fifth Third Bancorp acquired a new stake in shares of iShares MSCI Taiwan ETF during the first quarter worth $43,753,000.

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.