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

iShares MSCI Taiwan ETF (NYSEARCA:EWT) reached a new 52-week high on Thursday . The company traded as high as $109.16 and last traded at $108.76, with a volume of 621428 shares trading hands. The stock had previously closed at $105.11.

iShares MSCI Taiwan ETF Stock Performance

The business’s 50-day moving average is $92.98 and its two-hundred day moving average is $77.13. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of 17.58 and a beta of 1.09.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EWT. Main Street Group LTD acquired a new position in shares of iShares MSCI Taiwan ETF in the 1st quarter valued at approximately $29,000. Solstein Capital LLC increased its stake in iShares MSCI Taiwan ETF by 1,660.7% in the fourth quarter. Solstein Capital LLC now owns 493 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 465 shares during the last quarter. Acumen Wealth Advisors LLC acquired a new position in iShares MSCI Taiwan ETF during the first quarter valued at approximately $32,000. Nalls Sherbakoff Group LLC bought a new stake in iShares MSCI Taiwan ETF during the fourth quarter worth $35,000. Finally, Huntington National Bank lifted its stake in iShares MSCI Taiwan ETF by 60,000.0% during the fourth quarter. Huntington National Bank now owns 601 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 600 shares during the last quarter.

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.