iShares MSCI Taiwan ETF (NYSEARCA:EWT) Shares Gap Up – Still a Buy?

iShares MSCI Taiwan ETF (NYSEARCA:EWT)’s share price gapped up before the market opened on Friday . The stock had previously closed at $47.82, but opened at $51.20. iShares MSCI Taiwan ETF shares last traded at $50.79, with a volume of 1,802,918 shares changing hands.

iShares MSCI Taiwan ETF Stock Up 6.5 %

The stock’s 50 day moving average price is $47.78 and its two-hundred day moving average price is $51.46. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 14.95 and a beta of 0.92.

Hedge Funds Weigh In On iShares MSCI Taiwan ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Wealth Management Group LLC bought a new position in shares of iShares MSCI Taiwan ETF during the 1st quarter valued at $71,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in iShares MSCI Taiwan ETF by 1,647.4% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,953,011 shares of the exchange traded fund’s stock worth $92,729,000 after buying an additional 1,841,246 shares during the last quarter. Jordan Park Group LLC raised its holdings in iShares MSCI Taiwan ETF by 154.8% during the first quarter. Jordan Park Group LLC now owns 574,025 shares of the exchange traded fund’s stock valued at $27,255,000 after buying an additional 348,734 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of iShares MSCI Taiwan ETF by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 350,651 shares of the exchange traded fund’s stock worth $16,649,000 after buying an additional 8,722 shares during the last quarter. Finally, Checchi Capital Advisers LLC lifted its position in shares of iShares MSCI Taiwan ETF by 23.8% in the first quarter. Checchi Capital Advisers LLC now owns 70,235 shares of the exchange traded fund’s stock worth $3,335,000 after buying an additional 13,481 shares during the last quarter.

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.