iShares MSCI Taiwan ETF (NYSEARCA:EWT) Hits New 1-Year High – What’s Next?

iShares MSCI Taiwan ETF (NYSEARCA:EWT) hit a new 52-week high on Monday . The company traded as high as $114.32 and last traded at $114.4110, with a volume of 143756 shares changing hands. The stock had previously closed at $111.64.

iShares MSCI Taiwan ETF Stock Down 0.5%

The stock has a market capitalization of $12.51 billion, a P/E ratio of 17.58 and a beta of 1.11. The company has a 50 day moving average of $104.77 and a 200-day moving average of $95.25.

Institutional Investors Weigh In On iShares MSCI Taiwan ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company bought a new stake in shares of iShares MSCI Taiwan ETF in the 2nd quarter worth approximately $103,684,000. Maven Securities LTD bought a new position in iShares MSCI Taiwan ETF during the 2nd quarter worth $1,685,000. NewEdge Advisors LLC grew its stake in iShares MSCI Taiwan ETF by 26,084.4% during the 2nd quarter. NewEdge Advisors LLC now owns 65,461 shares of the exchange traded fund’s stock worth $7,110,000 after buying an additional 65,211 shares during the last quarter. 1607 Capital Partners LLC acquired a new stake in iShares MSCI Taiwan ETF in the second quarter worth $683,000. Finally, Cullen Capital Management LLC acquired a new stake in iShares MSCI Taiwan ETF in the second quarter worth $17,399,000.

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.