iShares MSCI Taiwan ETF (NYSEARCA:EWT) Reaches New 52-Week High – Still a Buy?

Shares of iShares MSCI Taiwan ETF (NYSEARCA:EWT) reached a new 52-week high during trading on Thursday . The company traded as high as $104.16 and last traded at $102.97, with a volume of 6456517 shares. The stock had previously closed at $102.14.

iShares MSCI Taiwan ETF Price Performance

The stock has a market cap of $10.56 billion, a P/E ratio of 17.58 and a beta of 1.07. The business’s fifty day moving average price is $83.31 and its 200 day moving average price is $72.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp lifted its holdings in shares of iShares MSCI Taiwan ETF by 15.9% in the fourth quarter. Northern Trust Corp now owns 2,763,557 shares of the exchange traded fund’s stock worth $175,569,000 after acquiring an additional 379,584 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of 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 period. Sun Life Financial Inc. increased its stake in shares of iShares MSCI Taiwan ETF by 3.4% in the fourth quarter. Sun Life Financial Inc. now owns 1,862,881 shares of the exchange traded fund’s stock valued at $118,349,000 after buying an additional 61,352 shares during the period. Invesco Ltd. increased its stake in shares of iShares MSCI Taiwan ETF by 12.8% in the third quarter. Invesco Ltd. now owns 1,254,110 shares of the exchange traded fund’s stock valued at $79,786,000 after buying an additional 142,464 shares during the period. Finally, Hsbc Holdings PLC increased its stake in shares of iShares MSCI Taiwan ETF by 2,779.7% in the first quarter. Hsbc Holdings PLC now owns 1,185,627 shares of the exchange traded fund’s stock valued at $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.