Cumberland Advisors Inc. Purchases 21,625 Shares of iShares MSCI Taiwan ETF $EWT

Cumberland Advisors Inc. purchased a new position in iShares MSCI Taiwan ETF (NYSEARCA:EWT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,625 shares of the exchange traded fund’s stock, valued at approximately $2,441,000. iShares MSCI Taiwan ETF comprises 0.9% of Cumberland Advisors Inc.’s holdings, making the stock its 26th largest position.

Several other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new stake in iShares MSCI Taiwan ETF during the second quarter valued at $103,684,000. Hsbc Holdings PLC boosted its position in 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 worth $84,084,000 after purchasing an additional 1,144,455 shares during the last quarter. Fifth Third Bancorp purchased a new position in iShares MSCI Taiwan ETF in the first quarter worth about $43,753,000. Bank of America Corp DE boosted its position in iShares MSCI Taiwan ETF by 22.4% in the first quarter. Bank of America Corp DE now owns 598,887 shares of the exchange traded fund’s stock worth $42,473,000 after purchasing an additional 109,496 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of iShares MSCI Taiwan ETF by 10.0% during the 1st quarter. Bank of New York Mellon Corp now owns 576,657 shares of the exchange traded fund’s stock valued at $40,897,000 after purchasing an additional 52,499 shares during the period.

iShares MSCI Taiwan ETF Stock Down 2.4%

NYSEARCA EWT opened at $98.27 on Wednesday. iShares MSCI Taiwan ETF has a 52 week low of $59.96 and a 52 week high of $118.47. The firm has a market capitalization of $10.67 billion, a P/E ratio of 17.58 and a beta of 1.16. The company has a 50-day moving average price of $110.02 and a 200-day moving average price of $93.43.

iShares MSCI Taiwan ETF 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.