iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sees Unusually-High Trading Volume – Here’s Why

iShares MSCI Taiwan ETF (NYSEARCA:EWT) saw unusually-high trading volume on Monday . Approximately 1,354,244 shares changed hands during mid-day trading, a decline of 12% from the previous session’s volume of 1,532,902 shares.The stock last traded at $53.76 and had previously closed at $52.23.

iShares MSCI Taiwan ETF Trading Down 1.1 %

The firm has a 50-day simple moving average of $53.74 and a two-hundred day simple moving average of $53.71. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 13.20 and a beta of 0.96.

Institutional Trading of iShares MSCI Taiwan ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Boltwood Capital Management grew its position in iShares MSCI Taiwan ETF by 4.1% during the fourth quarter. Boltwood Capital Management now owns 7,050 shares of the exchange traded fund’s stock valued at $365,000 after buying an additional 275 shares during the period. Principal Financial Group Inc. increased its stake in shares of iShares MSCI Taiwan ETF by 163.7% in the 3rd quarter. Principal Financial Group Inc. now owns 271,168 shares of the exchange traded fund’s stock valued at $14,608,000 after purchasing an additional 168,341 shares in the last quarter. Franklin Resources Inc. raised its holdings in iShares MSCI Taiwan ETF by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 131,887 shares of the exchange traded fund’s stock worth $7,303,000 after purchasing an additional 6,747 shares during the period. Sanctuary Advisors LLC purchased a new position in iShares MSCI Taiwan ETF during the third quarter worth approximately $222,000. Finally, Zacks Investment Management boosted its position in iShares MSCI Taiwan ETF by 54.3% during the third quarter. Zacks Investment Management now owns 39,702 shares of the exchange traded fund’s stock worth $2,139,000 after purchasing an additional 13,967 shares in the last quarter.

About iShares MSCI Taiwan ETF

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.