iShares MSCI Taiwan ETF (NYSEARCA:EWT) Reaches New 1-Year High – Here’s Why

iShares MSCI Taiwan ETF (NYSEARCA:EWT)’s stock price hit a new 52-week high on Friday . The company traded as high as $64.84 and last traded at $64.66, with a volume of 659403 shares. The stock had previously closed at $64.00.

iShares MSCI Taiwan ETF Trading Up 1.0%

The stock’s fifty day moving average is $60.98 and its two-hundred day moving average is $55.35. The company has a market capitalization of $6.71 billion, a PE ratio of 17.58 and a beta of 0.86.

Hedge Funds Weigh In On iShares MSCI Taiwan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EWT. New Vernon Capital Holdings II LLC lifted its holdings in iShares MSCI Taiwan ETF by 3,512.4% during the first quarter. New Vernon Capital Holdings II LLC now owns 5,216,485 shares of the exchange traded fund’s stock valued at $247,679,000 after purchasing an additional 5,072,082 shares during the last quarter. Northern Trust Corp lifted its holdings in iShares MSCI Taiwan ETF by 6.8% during the first quarter. Northern Trust Corp now owns 2,964,375 shares of the exchange traded fund’s stock valued at $140,749,000 after purchasing an additional 188,203 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings 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 valued at $119,719,000 after purchasing an additional 1,662,985 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings 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 valued at $92,729,000 after purchasing an additional 1,841,246 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in iShares MSCI Taiwan ETF by 2,378.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,905,456 shares of the exchange traded fund’s stock valued at $109,373,000 after purchasing an additional 1,828,566 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.