iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sets New 12-Month High – Time to Buy?

Shares of iShares MSCI Taiwan ETF (NYSEARCA:EWT) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $104.16 and last traded at $102.97, with a volume of 6456517 shares trading hands. The stock had previously closed at $102.14.

iShares MSCI Taiwan ETF Stock Up 0.4%

The company’s fifty day simple moving average is $84.53 and its 200 day simple moving average is $73.42. The firm has a market capitalization of $10.55 billion, a PE ratio of 17.58 and a beta of 1.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Main Street Group LTD bought a new stake in shares of iShares MSCI Taiwan ETF during the 1st quarter valued at $29,000. Acumen Wealth Advisors LLC purchased a new stake in iShares MSCI Taiwan ETF in the 1st quarter valued at about $32,000. Solstein Capital LLC boosted its position in iShares MSCI Taiwan ETF by 1,660.7% in the 4th quarter. Solstein Capital LLC now owns 493 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 465 shares during the period. Nalls Sherbakoff Group LLC purchased a new stake in shares of iShares MSCI Taiwan ETF in the 4th quarter worth approximately $35,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in shares of iShares MSCI Taiwan ETF during the 1st quarter worth approximately $39,000.

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.