iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sets New 1-Year High – Here’s What Happened

iShares MSCI Taiwan ETF (NYSEARCA:EWT)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $77.26 and last traded at $77.24, with a volume of 984447 shares trading hands. The stock had previously closed at $76.41.

iShares MSCI Taiwan ETF Price Performance

The firm’s fifty day moving average price is $71.97 and its 200-day moving average price is $67.42. The firm has a market capitalization of $7.69 billion, a P/E ratio of 17.58 and a beta of 0.95.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake in iShares MSCI Taiwan ETF by 393.4% during the second quarter. BNP Paribas Financial Markets now owns 2,085,693 shares of the exchange traded fund’s stock worth $119,719,000 after buying an additional 1,662,985 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of iShares MSCI Taiwan ETF in the 4th quarter valued at $57,028,000. DRW Securities LLC acquired a new position in shares of iShares MSCI Taiwan ETF in the 4th quarter valued at $38,207,000. Goldman Sachs Group Inc. raised its stake in shares of iShares MSCI Taiwan ETF by 2,953.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 602,344 shares of the exchange traded fund’s stock valued at $28,599,000 after buying an additional 582,615 shares in the last quarter. Finally, Meitav Investment House Ltd. raised its stake in shares of iShares MSCI Taiwan ETF by 151.5% in the 3rd quarter. Meitav Investment House Ltd. now owns 821,670 shares of the exchange traded fund’s stock valued at $52,189,000 after buying an additional 495,000 shares in 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. 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.